Monthly Lead Market Report Oct 2017

Monthly Lead Market Report Oct 2017

1. Market Highlights 3
2. Company News 3
2.1 Hanzhong Zinc resumes lead ingot production 3
2.2 Dazhong Metal cuts secondary lead output 3
2.3 Yongning Gold & Lead reduces lead ingot output 3
2.4 Tongguan Nonferrous Metals to raise lead ingot output in October 3
2.5 Zhenyu Renewable Resources begins secondary lead operation formally 3
2.6 Jinde Lead to raise lead ingot output 3
2.7 Longtianyong Nonferrous resumes lead ingot production 4
2.8 Chifeng Shanjin Silver & Lead to see decrease lead ingot output in October 4
2.9 Australia Ferrum Crescent Limited revises Toral Lead-Zinc project 4
3. Chinese Market 4
3.1 Economy and Policy 4
3.2 Lead concentrate treatment charge down further 4
3.3 Chinese primary lead prices down straightly 5
3.4 Chinese secondary lead prices down substantially 6
4. International Market 6
4.1 Economy and Policy 6
4.2 LME lead prices down with fluctuation in October 7
5. Monthly output analysis 7
5.1 Statistics of Chinese primary lead output 7
5.1.Asian Metal Copyright1 Chinese secondary lead output up by 3.Asian Metal Copyright1 Chinese primary lead output up by 3.3% MOM in October 7
5.1.Asian Metal Copyright7 Longtianyong Nonferrous resumes lead ingot production 4 2.Asian Metal Copyright2 Chinese smelters’ lead ingot stocks up by 50.6% MOM in late October 8
5.2 Chinese secondary lead output 9
5.2.Asian Metal Copyright7 Longtianyong Nonferrous resumes lead ingot production 4 2.Asian Metal Copyright1 Chinese secondary lead output up by 3.6% MOM in October 9
5.2.Asian Metal Copyright2.Asian Metal Copyright2 Chinese secondary lead smelters’ stocks up by 85.4% MOM in late October 10
6. Customs Statistics 10
6.1 Data on imports and exports of refined lead and lead concentrate by origin country in September 10
6.2 China’s lead concentrate and ore imports analysis 11
6.2.Asian Metal Copyright7 Longtianyong Nonferrous resumes lead ingot production 4 2.Asian Metal Copyright1China’s lead concentrate and ore imports down by 49.2% MOM in September 2017 11
6.2.2 Top ten Chinese lead concentrate importers in September 2017 12
6.2.3 Imports of Chinese lead concentrate and ore in September 2017 12
7．Relevant Industry News 13
7.1 Cars sold in October up by 2.Asian Metal Copyright3% MOM in October 7 5.Asian Metal Copyright6% YOY to 22.49 million 13
7.2State Grid Corporation of China announces to further speed up nationwide construction of charging facilities 14
8．Market Outlook for Next Month 14

Graph Contents

Graph 1 Price trend for spot lead concentrate 60%min in China from Sep to Oct 2017 (RMB/metal ton EXW) 5
Graph 2 Spot price trend for Chinese lead ingot 99.994%min (RMB/t) 6
Graph 3 Spot price trend for Chinese secondary lead 99.97%min (RMB/t) 6
Graph 4 Price trend of three-month LME lead from Sep to Oct (USD/t) 7
Graph 5 Stocks of three-month LME lead from Sep to Oct (t) 7
Graph 6 Chinese primary lead smelters’ output by month from Jan 2016 to Oct 2017 (Unit: 10kt) 7
Graph 7 Chinese primary lead output in some regions by month from Jan 2016 to Oct 2017 (Unit: kt) 8
Graph 8 Monthly stocks held by major lead ingot smelters in China from Jan 2016 to Oct 2017 (t) 8
Graph 9 China’s monthly stocks for lead ingot from Jan 2016 to Oct 2017 by region (t) 8
Graph 10 Chinese secondary lead output by month from Jan 2016 to Oct 2017 9
Graph 11 China’s secondary lead stocks by region from Jan 2016 to Oct 2017 (10kt) 9
Graph 12 Secondary lead stocks in China’s smelters from Jan 2016 to Oct 2017 (t) 10
Graph 13 China’s lead concentrate and ore imports by month from Jan 2016 to Sep 2017 (Unit: 10kt) 11
Graph 14 China’s lead concentrate and ore imports by origin country from Jan 2016 to Sep 2017 (Unit: kt) 11

Table Contents

Table 1 China’s lead imports and exports in Sep 2017 10
Table 2 Top ten Chinese lead concentrate importers in Se 12
Table 3 Imports of Chinese lead concentrate and ore in Sep 2017 12
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