NEW YORK The
global zinc market saw a 15,600-tonne deficit in April,
according to preliminary data from the International Lead and
Zinc Study Group (ILZSG).
Zinc metal production
totaled 1.09 million tonnes, up 4.1 percent from 1.05 million
tonnes in April last year, but production was outpaced by
consumption of nearly 1.11 million tonnes, up 6.1 percent from
1.04 million tonnes a year earlier on the back of higher
refined metal usage in the United States (up 11.9 percent),
India (10.7 percent), China (7.1 percent) and Europe (3.7
Inventory levels in
the first four months of this year fell by 111,000 tonnes from
a year earlier, according to the ILZSG report, while stocks in
London Metal Exchange-approved warehouses dropped by 152,575
The global lead market
remained in a deficit in April, with consumption of 908,200
tonnes (up 6.6 percent from 851,600 tonnes a year earlier)
exceeding metal production of 888,200 tonnes (up 3.5 percent
from 857,800 tonnes) by 20,000 tonnes. It was the third
consecutive month that lead was in a deficit.
The ILZSG said that
refined lead metal demand increased 13.7 percent in the United
States and 10.8 percent in China during April.