Monthly Metal Review

Lead and Zinc

In London the Lead cash settlement prices in-creased to US$ 2,624.00 and Zinc increased to US$ 3,589.50 this month. Metals, mining, and energy consultancy Wood Mackenzie said it expects zinc to rise to US$4,000 to-wards the end of the year and probably peak early next year. Rising supplies of zinc over the next few years are unlikely to replenish dwindling inventories. The UK-based consultants said the zinc market will likely see a deficit of 350,000 tonnes this year and a 150,000-tonne shortfall in 2019. zinc production fell for the first time since 2012 as mine closures constrained supply. Expectations are for the market to rebalance in 2020, when stocks should also begin rising. Global zinc demand this year is estimated at some 14.5 million tonnes, half of which is accounted for by China, where an envi-ronmental crackdown has restricted local output and boosted imports. The International Lead Zinc Study Group said world refined lead-metal demand outpaced supply by 169 kilotonnes during the first eleven months of 2017. Total reported stock levels fell by 33 kilotonnes. Lead-mine pro-duction rose by 3 percent on-year, mainly due to increases in China, India and Kazakhstan that more than offset a significant fall in Australia and reductions in Sweden and U.S. China's zinc and zinc alloy production fell by 1.5 percent in 2017 to 4.73 million tonnes on low processing fees, poor concentrate supply and environmental–inspections impact, Beijing consultancy Antaike said. De-cember output fell by 25,000 tonnes on-month to 402,000 tonnes on environmental checks, especially in Hunan prov-ince, and maintenance at smelters elsewhere. Analysts said the market is confused about post-winter consumption but historically low zinc concentrate and ingot inventories are set to support prices. China's 2018 zinc output was seen rising as more smelters open. Baiyin Nonferrous Group launched new capacity in fourth-quarter 2017. Vedanta subsidiary Hindustan Zinc said results for its third quarter, ending December 31, showed integrated lead metal production was 46 kilotonnes, 20 percent higher on-quarter and 18 percent higher on-year. LME Lead stocks decreased to 134’525.00 tonnes, and Zinc stocks decreased to 172’575.00 tonnes in January.

Daily Prices

January 2018

Copper
Date(Fix.) ($/MT)
Average 7080.30
31-01-2018 7100.5
30-01-2018 7049
29-01-2018 7062
26-01-2018 7063.5
25-01-2018 7112
24-01-2018 6943
23-01-2018 6905
22-01-2018 7049
19-01-2018 7079
18-01-2018 7047
17-01-2018 7047
16-01-2018 7023
15-01-2018 7180
12-01-2018 7070.5
11-01-2018 7123
10-01-2018 7140.5
09-01-2018 7092
08-01-2018 7084.5
05-01-2018 7097
04-01-2018 7202.5
03-01-2018 7115.5
02-01-2018 7181
Silver
Date(Fix.) ($/OZ)
Average 17.17
31-01-2018 17.23
30-01-2018 17.295
29-01-2018 17.335
26-01-2018 17.4
25-01-2018 17.52
24-01-2018 17.19
23-01-2018 16.98
22-01-2018 17.035
19-01-2018 17.04
18-01-2018 17.09
17-01-2018 17.21
16-01-2018 17.095
15-01-2018 17.325
12-01-2018 17.12
11-01-2018 17.01
10-01-2018 17.135
09-01-2018 17.055
08-01-2018 17.17
05-01-2018 17.155
04-01-2018 17.13
03-01-2018 17.125
02-01-2018 17.06
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1332.81
31-01-2018 1343.35
30-01-2018 1345.7
29-01-2018 1348.4
26-01-2018 1354.35
25-01-2018 1360.25
24-01-2018 1350.5
23-01-2018 1337.1
22-01-2018 1334.15
19-01-2018 1335.8
18-01-2018 1329.75
17-01-2018 1337.35
16-01-2018 1334.95
15-01-2018 1343
12-01-2018 1332.9
11-01-2018 1319.85
10-01-2018 1321.65
09-01-2018 1314.95
08-01-2018 1318.8
05-01-2018 1317.9
04-01-2018 1313.7
03-01-2018 1314.6
02-01-2018 1312.8
Date(Fix.) ($/OZ)
Average 1332.24
31-01-2018 1344.2
30-01-2018 1345.3
29-01-2018 1346.125
26-01-2018 1353.75
25-01-2018 1357.6
24-01-2018 1352.1
23-01-2018 1335.25
22-01-2018 1333.375
19-01-2018 1335.375
18-01-2018 1330.975
17-01-2018 1336.5
16-01-2018 1334.4
15-01-2018 1341.125
12-01-2018 1329.85
11-01-2018 1321.45
10-01-2018 1320.7
09-01-2018 1312.975
08-01-2018 1319.375
05-01-2018 1317.525
04-01-2018 1314.1
03-01-2018 1314.75
02-01-2018 1312.425
Date(Fix.) ($/OZ)
Average 1331.67
31-01-2018 1345.05
30-01-2018 1344.9
29-01-2018 1343.85
26-01-2018 1353.15
25-01-2018 1354.95
24-01-2018 1353.7
23-01-2018 1333.4
22-01-2018 1332.6
19-01-2018 1334.95
18-01-2018 1332.2
17-01-2018 1335.65
16-01-2018 1333.85
15-01-2018 1339.25
12-01-2018 1326.8
11-01-2018 1323.05
10-01-2018 1319.75
09-01-2018 1311
08-01-2018 1319.95
05-01-2018 1317.15
04-01-2018 1314.5
03-01-2018 1314.9
02-01-2018 1312.05
Lead
Date(Fix.) ($/MT)
Average 2589.77
31-01-2018 2624
30-01-2018 2620.5
29-01-2018 2643
26-01-2018 2604
25-01-2018 2621
24-01-2018 2612
23-01-2018 2610
22-01-2018 2607
19-01-2018 2608
18-01-2018 2581
17-01-2018 2555
16-01-2018 2542.5
15-01-2018 2582
12-01-2018 2536
11-01-2018 2572
10-01-2018 2596
09-01-2018 2608
08-01-2018 2566
05-01-2018 2590
04-01-2018 2573
03-01-2018 2580
02-01-2018 2544
Zinc
Date(Fix.) ($/MT)
Average 3447.20
31-01-2018 3589.5
30-01-2018 3584.5
29-01-2018 3609.5
26-01-2018 3526
25-01-2018 3482
24-01-2018 3428
23-01-2018 3443
22-01-2018 3441
19-01-2018 3463
18-01-2018 3410
17-01-2018 3445
16-01-2018 3429
15-01-2018 3474
12-01-2018 3420
11-01-2018 3420
10-01-2018 3381
09-01-2018 3401
08-01-2018 3391.5
05-01-2018 3396
04-01-2018 3377
03-01-2018 3350.5
02-01-2018 3377
Tin
Date(Fix.) ($/MT)
Average 20710.68
31-01-2018 21900
30-01-2018 22050
29-01-2018 22105
26-01-2018 22005
25-01-2018 21345
24-01-2018 21145
23-01-2018 20830
22-01-2018 20770
19-01-2018 20685
18-01-2018 20575
17-01-2018 20525
16-01-2018 20355
15-01-2018 20450
12-01-2018 20275
11-01-2018 20245
10-01-2018 20035
09-01-2018 20075
08-01-2018 19960
05-01-2018 20020
04-01-2018 20075
03-01-2018 20050
02-01-2018 20160
Nickel
Date(Fix.) ($/MT)
Average 12880.23
31-01-2018 13555
30-01-2018 13650
29-01-2018 13890
26-01-2018 13750
25-01-2018 13695
24-01-2018 13000
23-01-2018 12750
22-01-2018 12720
19-01-2018 12595
18-01-2018 12455
17-01-2018 12415
16-01-2018 12415
15-01-2018 12835
12-01-2018 12670
11-01-2018 12835
10-01-2018 12900
09-01-2018 12515
08-01-2018 12450
05-01-2018 12500
04-01-2018 12615
03-01-2018 12465
02-01-2018 12690
Cobalt
Date(Fix.) ($/MT)
Average 77750.00
31-01-2018 80250
30-01-2018 80250
29-01-2018 80250
26-01-2018 80250
25-01-2018 80000
24-01-2018 80000
23-01-2018 80000
22-01-2018 80000
19-01-2018 80500
18-01-2018 77000
17-01-2018 77000
16-01-2018 77000
15-01-2018 78500
12-01-2018 75500
11-01-2018 75500
10-01-2018 75500
09-01-2018 75500
08-01-2018 75500
05-01-2018 75500
04-01-2018 75500
03-01-2018 75500
02-01-2018 75500