Lead Market Report January 2013
2013-02-21 18:49:07 【Print】
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Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 International crude oil futures rebound rapidly in January 5
1.1.2 US dollar index declines with improved Europe situations 5
1.1.3 Global economy recovers, nonferrous metal market performs strong 6
1.2 Chinese Financial News Overview 7
1.2.1 China’s CPI up by 2.5%, PPI down by 1.9% YOY in December 2012 7
1.2.2 China’s PMI declines steadily in January 2013 8
2. International Lead Market Review 9
2.1 Lead futures robust on the LME in January 2013 9
3. Chinese lead market review 11
3.1 Chinese lead concentrate market steady and trading slows down in January 11
3.2 Chinese lead ingot prices recover slightly in late January 12
3.3 Demand of secondary lead market weak in January 13
3.4 Secondary lead producers have little interest of purchasing recycled lead battery for bad weather 15
3.5 The operation rate of lead acid battery factories keeps decreasing 17
4. Production Data 18
4.1 ILZSG: 60kt of refined lead surplus in global lead market in Jan-Nov 2012 18
4.2 Lead production in China 19
4.2.1 China’s lead concentrate production in December 2012 declines by 7.9% YOY 20
4.2.2 China’s lead ingot production in December 2012 down by 7.6% MOM 20
4.3 Operation rate of Chinese major lead smelters declines in December 2012 on sluggish lead market 21
4.4 The operation rate of the biggest secondary lead smelters in China in January 22
5. Lead import and export data in China 23
5.1 Lead import and export data in China by country: 23
5.2 Analysis on lead import & export data 26
5.2.1 China’s refined lead import and export market inactive in December 2012 26
5.2.2 China’s lead ore/concentrate import in December hits the lowest level in the second half of 2012 27
5.3 Top ten Chinese lead ore/concentrate importers December 2012 27
5.4 Chinese lead acid battery exports increase greatly in December 2012 28
6. Company News 29
6.1 Shandong Humon Smelting’s 100,00tpy of lead smelting project to start production in 2013 29
6.2 Hunan Zhantai’s refined lead expansion project to start operation in 2013 30
6.3 Geermu Yuyuan’s lead smelter halts production 30
6.4 Chenzhou Kangyuan’s lead smelter to resume production 30
6.5 Zhuzhou Smelter’s 10,000tpy lead smelting project starts operation in mid January 31
6.6 Shizishan Mine achieves full production ramp-up on schedule 31
6.7 Haicheng Chengxin’s lead smelter halts production for maintenance 32
6.8 Yunnan Tin Group’s lead smelter resumes production in mid January 32
7．Related Industry Development 33
7.1 China automobile sales volume increased by 4.3% YOY in 2012 33
8. Market Outlook 33
Graph 1: Crude oil prices in US in January 2013 5
Graph 2: USD index chart 6
Graph 3: Chinese CPI and PPI chart during 2011-2013 8
Graph 4: Chinese PMI chart during 2011-2013 9
Graph 5：The price graph of lead futures on the LME in January 2013 10
Graph 6：Lead ingot inventory in the warehouses of LME in January 2013 10
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in January 2013 12
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in January 2013 13
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in January 2013 14
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in January 2013 14
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in January 2013 15
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in January 2013 15
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in January 2013 16
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in January 2013 17
Graph 15：The processing charge of start-type lead battery polar plate in Chinese spot market in January 2013 18
Graph 16：The processing charge of deep cycle lead battery polar plate in Chinese spot market in January 2013 18
Graph 17: World Refined Lead Supply and Usage 2007 - 2012 19
Graph 18: Operation rate for the major secondary lead smelters in China in January 2013 23
Graph 19: China’s lead import and export data in December 2012 26
Graph 20: Top ten Chinese lead ore/concentrate importers December 2012 28
Graph 21: China lead acid battery output monthly cartogram in 2011-2012 28
Graph 22: Average export price of Chinese lead acid battery 29
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 International crude oil futures rebound rapidly in January 5
1.1.2 US dollar index declines with improved Europe situations 5
1.1.3 Global economy recovers, nonferrous metal market performs strong 6
1.2 Chinese Financial News Overview 7
1.2.1 China’s CPI up by 2.5%, PPI down by 1.9% YOY in December 2012 7
1.2.2 China’s PMI declines steadily in January 2013 8
2. International Lead Market Review 9
2.1 Lead futures robust on the LME in January 2013 9
3. Chinese lead market review 11
3.1 Chinese lead concentrate market steady and trading slows down in January 11
3.2 Chinese lead ingot prices recover slightly in late January 12
3.3 Demand of secondary lead market weak in January 13
3.4 Secondary lead producers have little interest of purchasing recycled lead battery for bad weather 15
3.5 The operation rate of lead acid battery factories keeps decreasing 17
4. Production Data 18
4.1 ILZSG: 60kt of refined lead surplus in global lead market in Jan-Nov 2012 18
4.2 Lead production in China 19
4.2.1 China’s lead concentrate production in December 2012 declines by 7.9% YOY 20
4.2.2 China’s lead ingot production in December 2012 down by 7.6% MOM 20
4.3 Operation rate of Chinese major lead smelters declines in December 2012 on sluggish lead market 21
4.4 The operation rate of the biggest secondary lead smelters in China in January 22
5. Lead import and export data in China 23
5.1 Lead import and export data in China by country: 23
5.2 Analysis on lead import & export data 26
5.2.1 China’s refined lead import and export market inactive in December 2012 26
5.2.2 China’s lead ore/concentrate import in December hits the lowest level in the second half of 2012 27
5.3 Top ten Chinese lead ore/concentrate importers December 2012 27
5.4 Chinese lead acid battery exports increase greatly in December 2012 28
6. Company News 29
6.1 Shandong Humon Smelting’s 100,00tpy of lead smelting project to start production in 2013 29
6.2 Hunan Zhantai’s refined lead expansion project to start operation in 2013 30
6.3 Geermu Yuyuan’s lead smelter halts production 30
6.4 Chenzhou Kangyuan’s lead smelter to resume production 30
6.5 Zhuzhou Smelter’s 10,000tpy lead smelting project starts operation in mid January 31
6.6 Shizishan Mine achieves full production ramp-up on schedule 31
6.7 Haicheng Chengxin’s lead smelter halts production for maintenance 32
6.8 Yunnan Tin Group’s lead smelter resumes production in mid January 32
7．Related Industry Development 33
7.1 China automobile sales volume increased by 4.3% YOY in 2012 33
8. Market Outlook 33
Graph 1: Crude oil prices in US in January 2013 5
Graph 2: USD index chart 6
Graph 3: Chinese CPI and PPI chart during 2011-2013 8
Graph 4: Chinese PMI chart during 2011-2013 9
Graph 5：The price graph of lead futures on the LME in January 2013 10
Graph 6：Lead ingot inventory in the warehouses of LME in January 2013 10
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in January 2013 12
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in January 2013 13
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in January 2013 14
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in January 2013 14
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in January 2013 15
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in January 2013 15
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in January 2013 16
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in January 2013 17
Graph 15：The processing charge of start-type lead battery polar plate in Chinese spot market in January 2013 18
Graph 16：The processing charge of deep cycle lead battery polar plate in Chinese spot market in January 2013 18
Graph 17: World Refined Lead Supply and Usage 2007 - 2012 19
Graph 18: Operation rate for the major secondary lead smelters in China in January 2013 23
Graph 19: China’s lead import and export data in December 2012 26
Graph 20: Top ten Chinese lead ore/concentrate importers December 2012 28
Graph 21: China lead acid battery output monthly cartogram in 2011-2012 28
Graph 22: Average export price of Chinese lead acid battery 29
