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Shanghai
[China]
Posted on : Jun 05, 2013

The World Bureau of Metal Statistics (WBMS) released May 22 the data concerning supply and demand in global base metals in Q1.


The World Bureau of Metal Statistics (WBMS) released May 22 the data concerning supply and demand in global base metals in Q1. Aluminum, zinc, nickel and tin markets showed no significant change and still saw oversupply during the first three months. Oversupply in copper market exacerbated from last year’s 192,000 mt to 252,700 mt. The conditions for lead sector were more delighting, with the market witnessing a 145,700 mt shortage, compared with the surplus of 22,100 mt a year earlier.    However, the positive market fundamentals failed to result in higher prices


Source:- SMM

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