Monthly Lead Market Report Apr 2020

Content
1 Market Highlights 4
2. Economy and Policy 4
2.1 Chinese central bank to cut deposit reserve ratio for medium- and small-sized banks in April 2020 4
2.2 Peru extends state of emergency until April 26 amid COVID-19 outbreak 4
2.3 Super large lead-zinc deposit discovered in Hezhang, Guizhou 4
2.4 Yunnan supports key enterprises to engage in commercial purchasing and storage of nonferrous products 5
2.5 Gansu to purchase and store 436,000 tons of nonferrous metals 5
2.6 China's non-ferrous metals output of ten kinds up by 2.1% YOY in Q1 5
2.7 ILZSG: Global lead market sees surplus of 26.1 kt in Feb 5
3 Market Movements 6
3.1 Market Movements in China 6
3.1.1 Lead ingot prices fluctuate 6
3.1.2 TC for lead concentrate down and prices edge down 6
3.1.3 Secondary lead prices down 7
3.1.4 Waste battery prices edge up 8
3.2 Market Movements Abroad 9
3.2.1 LME lead prices fluctuate down 9
3.2.2 LME lead stocks up 9
4 Company News 9
4.1 Beishan Mining Development halts lead-zinc concentrate production 9
4.2 Hongyang Lead Industry resumes lead ingot production 9
4.3 Xiyu Nonferrous Metals resumes lead ingot production 10
4.4 Rongda Mining resumes lead-zinc concentrate production 10
4.5 Ruiyin Nonferrous Metal resumes secondary lead production 10
4.6 Anhui Dahua resumes secondary lead production 10
4.7 Fujia Zonghuan to resume lead ingot production 10
4.8 Qianxin Mining unlikely to resume production in 2020 10
4.9 Boyuan Mineral resumes lead-zinc concentrate production 11
4.10 Jinyi Comprehensive Recovery resumes secondary lead production 11
4.11 Zinc Industry expects to produce 28,000t of lead in 2020 11
4.12 Jiangxi Fengri Metallurgy to put secondary lead project into production 11
4.13 Tongguan Nonferrous Metals overhauls lead ingot production lines 11
5 Producers Statistics 11
5.1 Primary lead producers statistics 11
5.1.Asian Metal Copyright7 Fujia Zonghuan to resume lead ingot production 10 4.Asian Metal Copyright1 China's primary lead producers' output up by 8.1% MOM in Apr 11
5.1.Asian Metal Copyright1 Storage battery market 16 7.Asian Metal Copyright2 China's primary lead producers' operating rate records 60.0% in Apr 12
5.1.Asian Metal Copyright2.Asian Metal Copyright3 China's primary lead producers' stocks down by 82.1% MOM in Apr 12
5.2 Secondary lead producers statistics 13
5.2.Asian Metal Copyright Economy and Policy 4 2.Asian Metal Copyright1 China's secondary lead producers' output up by 128.0% MOM in Apr 13
5.2.Asian Metal Copyright1 Chinese central bank to cut deposit reserve ratio for medium- and small-sized banks in April 2020 4 2.Asian Metal Copyright2 China's secondary lead producers' operating rate records 36.6% in Apr 14
5.2.Asian Metal Copyright0% MOM in Apr 13 5.Asian Metal Copyright3 China's secondary lead producers' stocks up by 45.6% MOM in Apr 14
6 Customs Statistics 15
6.1 China's lead concentrate and ore imports down by about 21.8% YOY in Mar 15
7 Relevant Industry News 16
7.1 Storage battery market 16
7.2 Vehicle 16
8 Market Outlook for Next Month 16
.Asian Metal Copyright4 Yunnan supports key enterprises to engage in commercial purchasing and storage of nonferrous products 5 2Asian Metal Copyright