Lead, zinc markets post deficits in Jan-Nov 2017 - ILZSG

The global refined zinc and lead markets posted steep supply deficits in the first 11 months of 2017, according to preliminary data from the International Lead and Zinc Study Group (ILZSG).

The global refined zinc market recorded a deficit of 485,000 tonnes during the 11-month period, more than double the 206,000-tonne deficit recorded in January-November 2016. Total reported inventories fell by 320,000 tonnes year on year during the period, the Portugal-based group said on Wednesday January 17.
The global refined zinc market posted an 80,100-tonne deficit in November, nearly double the month-earlier deficit of 41,200 tonnes.

The supply shortfall has helped push the London Metal Exchange’s three-month zinc contract up by 25.3% over the past year, to $3,396.50 per tonne ($1.54 per lb) on Wednesday from...

Published

Millicent Dent

January 19, 2018

01:03 GMT

New York