#4 Reasons Why Lead-Zinc
Spread Story Reversed
24-09-2015
Lead Zinc Spread Reversing
24-09-2015
#1 LME Inventories
24-09-2015
• LME Zinc Inventories Have Increased By More Than 40% In The Past Two Months
• Recent Glencore’s Liquidation Of Zinc To Reduce The Company’s Debt Would Increase Zinc Stocks
24-09-2015
#2 Demand Story
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• Zinc Demand Have Dropped Due To Slowdown In
Demand From Galvanised Steel
• While, Lead Demand To Pick-up In Coming
Months Due To Seasonal Demand
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#3 Supply Side Picture
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• Last Year, Global Lead Mine Supply Declined By 7.9% While
Global Zinc Mine Supply Increased By 3%
• China, The Largest Producer Of Metals, Increased Its
Refined Zinc Output By 10% And Reduced Its Lead Output
By 4% On YoY Basis
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#4 Surplus/Deficit
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• Demand Supply Scenario Favours Lead Showing A
Small Surplus Of 12,000T
• While, Zinc Is In A Huge Surplus Of 1,50,000T During
Jan-July 2015
24-09-2015
• For More Details -
http://commtathya.com/blog/2015/09/zinc-prices-
strained-by-surprise-liquidation-from-glencore/
24-09-2015
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Maharashtra. Pin - 400003Telephone : +91 22 6060 0889
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Nagpur, Maharashtra - 440010Telephone : +91 712 2422939
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