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Lead market records deficit in January to November 2019-The 21st China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
3/3/2020 Die-casting expo-foundry expo |
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World Bureau of Metal Statistics latest report said that the lead market recorded a deficit of 344kt in January to November 2019 which follows a deficit of 243 kt recorded in the whole of 2018. Total stocks at the end of November were 16 kt lower than at the end of 2018. No allowance is made in the consumption calculation for unreported stock changes.
World refined production during January to November 2019 from both primary and secondary sources was 11198 kt which was 5.8 per cent higher than in the comparable months of 2018. Chinese apparent demand was estimated at 5313 kt which was 665 kt higher than the comparable period in 2018 and represented about 46 per cent of the global total. For the USA, apparent demand has increased fractionally 8 kt for January to November 2019 compared to the same months of 2018.
In November 2019, refined lead production was 1079.7 kt and consumption was 1099.4 kt.
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