Lead Market Report November 2013
2013-12-10 18:01:53 【Print】
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Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 Iran nuclear crisis relieves, crude oil prices fall back 4
1.1.2 Weaker Euro strengthens US dollar index 5
1.2 Chinese Financial News Overview 6
1.2.1 CPI up by 3.2%, PPI down by 1.5% YOY in October 6
1.2.2 PMI positively stable in November 7
2. International Lead Market Review 8
2.1 Lead futures retreat on LME in November 8
3. Chinese lead market review 9
3.1 Suppliers inactive in selling Lead concentrate on decline of silver prices 9
3.2 Chinese lead ingot market sluggish in November 11
3.3 Secondary lead demand decreases in November 12
3.4 Recycled lead battery market oversupply 15
3.5 Lead acid battery demand weak in Chinese market in November 17
4. Production Data 18
4.1 Global market for refined lead metal in deficit by 46kt in Jan-Sep 2013 18
4.2 Lead production in China 19
4.2.1 China lead concentrate production down by 8.97% MOM in October 2013 19
4.2.2 China refined lead ingot production up by 9.8% MOM in October, hitting 11-month high 20
4.2.3 Chinese primary lead smelters operation rate continues to head up slightly to 58.56% in November 21
4.2.4 Secondary lead output of largest smelters decreases in November 22
5. Lead import and export data in China 24
5.1 Lead import and export data in China by country: 24
5.2 Analysis on lead import & export data 27
5.2.1 China’s lead ore/concentrate import increase greatly by 55.61% MOM in October 27
5.2.2 China lead ingot export up by 19.96% MOM in October 2013 28
5.3 Top ten Chinese lead ore/concentrate importers October 2013 28
5.4 China lead ore/concentrate import data by company in October 2013 29
5.5 Chinese export of lead battery up by 11% MOM in October 33
6. Company News 34
6.1 Chihong Zinc & Germanium’s lead zinc smelters start trial production in Huize 34
6.2 Aucma to purchase a lead zinc mine in Inner Mongolia 34
6.3 Zhongkai lead zinc mine halts production on cold weather 34
6.4 Zijin Mining lead zinc mining project may start trial production in Inner Mongolia in April 2014 34
7．Related Industry Development 35
7.1 China automobile sales volume increase by 20.3%YOY in October 2013 35
8. Market Outlook 35
Graph 1: Crude oil prices in US in 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 November 2013 9
Graph 6：Lead ingot inventory in the warehouses of LME in November 2013 9
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in November 2013 11
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in November 2013 12
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in November 2013 13
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in November 2013 14
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in November 2013 14
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in November 2013 15
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in November 2013 16
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in November 2013 16
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in November 2013 18
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in November 2013 18
Graph 17: World Refined Lead Supply and Usage 2008 - 2013 19
Graph 18: Monthly lead ingot production in China from January to October 2013. 20
Graph 19：Lead smelters operation rates in Henan, Hunan and Yunnan in November 2013 22
Graph 20: Large secondary lead smelters operation rates in China in November 23
Graph 21: Large secondary lead smelters operation rates in Jan-Nov 2013 23
Graph 22: China’s lead import and export data in October 2013 27
Graph 23: Top ten Chinese lead ore/concentrate importers October 2013 29
Graph 24: China lead ore/concentrate import data by company in October 2013 33
