Lead Market Report February 2013
2013-04-01 15:24:16 【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 price hikes and drop in February 4
1.1.2 European debt remains in a shadow US dollar index sees strong rebounds 5
1.1.3 Nonferrous metals prices to keep fluctuating with more global labile factors 6
1.2 Chinese Financial News Overview 7
1.2.1 China’s CIP up by 1.2, PPI down by 1.6% YOY in January 7
1.2.2 China’s PMI down by 0.3% MOM in February 2013 8
2. International Lead Market Review 9
2.1 Lead futures weaken on the LME in February 9
3. Chinese lead market review 10
3.1 Chinese lead concentrate market almost stagnant in February 10
3.2 Chinese lead ingot market sluggish in February 11
3.3 Secondary lead demand weak 12
3.4 The supply and demand of recycled lead battery becomes balanced 14
3.5 The demand and supply balance of different lead acid battery separate 16
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 19
4.2.1 Chinese major lead smelters’ lead ingot production declines in February 19
4.4 The operation rate of the biggest secondary lead smelters in China in February 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 22
5.2.1 China’s refined lead export up by 18.65% MOM January 2013 22
5.2.2 China’s lead ore/concentrate up by 53.26% YOY in January 2013 23
5.3 Top ten Chinese lead ore/concentrate importers January 2013 24
6. Company News 24
6.1 Shandong Humon Smelting’s 100,00tpy of lead smelting project starts operation in early February 24
6.2 Jinwang Bismuth’s lead smelter with 60,000tpy starts operation 25
7．Related Industry Development 25
7.1 China automobile sales volume increased by 46.38% YOY in January 2013 25
8. Market Outlook 25
Graph 1: Crude oil prices in US in February 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 February 2013 10
Graph 6：Lead ingot inventory in the warehouses of LME in February 2013 10
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in February 2013 11
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in February 2013 12
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in February 2013 13
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in February 2013 13
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in February 2013 14
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in February 2013 14
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in February 2013 15
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in February 2013 16
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in February 2013 17
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in February 2013 17
Graph 17: World Refined Lead Supply and Usage 2007 - 2012 19
Graph 18: Operation rate for the major secondary lead smelters in China in February 2013 20
Graph 19: China’s lead import and export data in January 2013 22
Graph 20: Top ten Chinese lead ore/concentrate importers January 2013 24
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 International crude oil futures price hikes and drop in February 4
1.1.2 European debt remains in a shadow US dollar index sees strong rebounds 5
1.1.3 Nonferrous metals prices to keep fluctuating with more global labile factors 6
1.2 Chinese Financial News Overview 7
1.2.1 China’s CIP up by 1.2, PPI down by 1.6% YOY in January 7
1.2.2 China’s PMI down by 0.3% MOM in February 2013 8
2. International Lead Market Review 9
2.1 Lead futures weaken on the LME in February 9
3. Chinese lead market review 10
3.1 Chinese lead concentrate market almost stagnant in February 10
3.2 Chinese lead ingot market sluggish in February 11
3.3 Secondary lead demand weak 12
3.4 The supply and demand of recycled lead battery becomes balanced 14
3.5 The demand and supply balance of different lead acid battery separate 16
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 19
4.2.1 Chinese major lead smelters’ lead ingot production declines in February 19
4.4 The operation rate of the biggest secondary lead smelters in China in February 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 22
5.2.1 China’s refined lead export up by 18.65% MOM January 2013 22
5.2.2 China’s lead ore/concentrate up by 53.26% YOY in January 2013 23
5.3 Top ten Chinese lead ore/concentrate importers January 2013 24
6. Company News 24
6.1 Shandong Humon Smelting’s 100,00tpy of lead smelting project starts operation in early February 24
6.2 Jinwang Bismuth’s lead smelter with 60,000tpy starts operation 25
7．Related Industry Development 25
7.1 China automobile sales volume increased by 46.38% YOY in January 2013 25
8. Market Outlook 25
Graph 1: Crude oil prices in US in February 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 February 2013 10
Graph 6：Lead ingot inventory in the warehouses of LME in February 2013 10
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in February 2013 11
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in February 2013 12
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in February 2013 13
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in February 2013 13
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in February 2013 14
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in February 2013 14
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in February 2013 15
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in February 2013 16
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in February 2013 17
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in February 2013 17
Graph 17: World Refined Lead Supply and Usage 2007 - 2012 19
Graph 18: Operation rate for the major secondary lead smelters in China in February 2013 20
Graph 19: China’s lead import and export data in January 2013 22
Graph 20: Top ten Chinese lead ore/concentrate importers January 2013 24
