REUTERS/Ilya Naymushin - S1AETWEXAZAA Acquire Licensing RightsLONDON, Oct 27 (Reuters) - China's exports of refined lead hit a 15-month high in September with year-to-date shipments already exceeding last year's total.
China's net trade in refined leadEXPORTS ACCELERATEChina exported 35,400 metric tons of refined lead in September, which was the highest monthly tally since June of last year.
LME lead three-month price, cash-3s spread and stocksLME STOCKS REBUILDThe relocation of stocks from China to the West has seen LME stocks rebuild from their depleted year-start levels.
Headline stocks of 125,225 metric tons are up by 100,075 metric tons on January and are the highest they've been in almost three years.
The LME stocks rebuild has been driven by repeated bouts of tightness across the front part of the forward curve in recent months.
Persons:
Ilya Naymushin, Sharon Singleton
Organizations:
REUTERS, London Metal Exchange, Shanghai Futures Exchange, Shanghai, Reuters, Thomson
Locations:
Novoangarsk, Russia, China, Shanghai, Europe, Stolberg, Germany, Taiwan, South Korea, Thursday's, London