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Global Zinc Mkt Deficit Swells, Lead Flips To Surplus ILZSG

20 Feb 2020 10:32 am
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Mumbai (Commodities Control) – The global zinc market's deficit rose to 23,100 tonnes in December from a deficit of 200 tonnes in November, data from the International Lead and Zinc Study Group (ILZSG) showed.

While the global lead market flipped to a surplus of 8,000 tonnes in 2019, after a deficit of 73,000 tonnes a year earlier.

Zinc’s November figure was revised from a deficit of 1,100 tonnes in last month's data. In 2019, however, the global deficit was 189,000 tonnes, narrowing from 522,000 tonnes in the previous year.

While in case of lead, the market had a surplus of 22,200 tonnes in December 2019, narrowing from a 30,600-tonne surplus in November, ILZSG data showed.

(Commodities Control Bureau)

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