Lead Market Report March 2013
2013-04-26 11:44:32 【Print】
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Catalog
1. Financial News Overview. 4
1.1 International financial news overview. 4
1.1.1 International oil futures rebounding surprisingly in March. 4
1.1.2 European debt crisis and QE of Japanese Yen pushing up US dollar in March 5
1.1.3 Worsening Cyprus’ crisis hitting nonferrous metals market 6
1.2 Chinese Financial News Overview. 7
1.2.1 China’s CPI up by 3.2% YOY in February 2013, hitting the highest record in the past 10 months 7
1.2.2 China’s PMI goes higher in March 2013. 7
2. International Lead Market Review. 8
2.1 Lead futures soften on LME on concerns on European debt crisis. 8
3. Chinese lead market review. 10
3.1 Chinese lead concentrate market dull in March. 10
3.2 Chinese lead ingot market demand sluggish and lead prices head down in March. 10
3.3 Secondary lead prices go down sharp. 11
3.4 Recycled lead battery operates slowly. 14
3.5 The demand of lead acid battery market went down slowly. 15
4. Production Data. 17
4.1 ILZSG: 64kt of refined lead surplus in global lead market in 2012. 17
4.2 Lead production in China. 18
4.2.1 China’s lead ingot production grows by 4.5% YOY in February 2013. 18
4.2.2 Chinese major lead smelters operation rates recover slightly in March. 19
4.4 The operation rate of the biggest secondary lead smelters in China in April 20
5. Lead import and export data in China. 21
5.1 Lead import and export data in China by country: 21
5.2 Analysis on lead import & export data. 23
5.2.1 China’s refined lead import down by 58.58% YOY February 2013. 23
5.2.2 China’s lead ore/concentrate declines by 31.05% YOY in February 2013. 23
5.3 Top ten Chinese lead ore/concentrate importers February 2013. 24
6. Company News. 25
6.1 Caijiaying to double lead-zinc ore throughout 25
6.2 Fujia starts producing refined lead. 25
7．Related Industry Development 26
7.1Haicheng Chengxin’s lead smelter to resume production in late April 26
7.2 Shuangyuan’s lead smelter halts production for equipment upgrade. 26
8. Market Outlook. 26
Graph 1: Crude oil prices in US in March 2013. 5
Graph 2: USD index chart 6
Graph 3: Chinese CPI and PPI chart during 2011-2013. 7
Graph 4: Chinese PMI chart during 2011-2013. 8
Graph 5：The price graph of lead futures on the LME in March 2013. 9
Graph 6：Lead ingot inventory in the warehouses of LME in March 2013. 9
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in March 2013. 10
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in March 2013. 11
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in March 2013. 12
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in March 2013. 13
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in March 2013 13
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in March 2013 14
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in March 2013. 15
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in March 2013. 15
Graph 15：The processing charges of deep-cycle lead acid battery polar plate in Chinese spot market in March 2013 16
Graph 16：The processing charges of start-type lead acid battery polar plate in Chinese spot market in March 2013 17
Graph 17: World Refined Lead Supply and Usage 2007 - 2012. 18
Graph 18: Operation rate for the major secondary lead smelters in China in March 2013. 21
Graph 19: China’s lead import and export data in February 2013. 23
Graph 20: Top ten Chinese lead ore/concentrate importers February 2013. 25
