Lead Market Report May 2013
2013-06-18 08:20:31 【Print】
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Highlights
◆ Lead futures on the strong footing on LME in May
◆ ILZSG: Global Lead Market In 16000-Ton Deficit Jan-Mar 2013
◆ Chinese lead smelters operation rates recover in May as new lead smelters start operation
◆ Top ten Chinese lead ore/concentrate importers April 2013
◆ Lead import and export data in China by country in April 2013
◆ China lead ore/concentrate import data by company in April 2013
Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 International crude oil price fluctuates in May 4
1.1.2 US dollar index strongly rebounds 5
1.1.3 Nonferrous metals industry enters weak cycle 6
1.2 Chinese Financial News Overview 7
1.2.1 CPI increases by 2.4%YOY while PPI decreases by 2.6% YOY in April 7
1.2.2 PMI in May increases by 0.2% from April 8
2. International Lead Market Review 9
2.1 Lead futures on the strong footing on LME in May 9
3. Chinese lead market review 11
3.1 Chinese lead concentrate market stable but sluggish in May 11
3.2 Chinese lead market fluctuates in narrow range but sentiment recovers in May 12
3.3 Secondary lead price went up from the bottom 13
3.4 Trading slows down in Chinese recycled lead acid battery market in May 16
3.5 Producers show concerns on oversupply of lead acid batteries in China 17
4. Production Data 19
4.1 ILZSG: Global Lead Market In 16000-Ton Deficit Jan-Mar 2013 19
4.2 Lead production in China 20
4.2.1 China lead concentrate production up by 4.13% MOM April 2013 20
4.2.2 China’s lead ingot production declines by 6.16% MOM in April 2013 21
4.2.3 Chinese lead smelters operation rates recover in May as new lead smelters start operation 21
4.4 The operation rate of the biggest secondary lead smelters in China in May 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 25
5.2.1 Lead ingot export increases by 21.95% MOM in April 2013 25
5.2.2 China’s lead ore/concentrate import declines by 26.8% YOY in April 2013 26
5.3 Top ten Chinese lead ore/concentrate importers April 2013 27
5.4 China lead ore/concentrate import data by company in April 2013 27
6. Company News 31
6.1 Chihong Zinc and Germanium to buy remaining stakes in Hulunbeier Chihong Mining 31
6.2 Ruifeng lead smelter to resume production in early June 31
6.3 Xinling Lead to resume production in mid June 31
7．Related Industry Development 32
7.1 China automobile sales volume increases strongly by 13.38% YOY in April 2013 32
8. Market Outlook 32
Graph 1: Crude oil prices in US in May 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 May 2013 10
Graph 6：Lead ingot inventory in the warehouses of LME in May 2013 10
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in May 2013 12
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in May 2013 13
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in May 2013 14
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in May 2013 15
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in May 2013 15
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in May 2013 16
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in May 2013 17
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in May 2013 17
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in May 2013 19
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in May 2013 19
Graph 17: World Refined Lead Supply and Usage 2008 - 2013 20
Graph 18: Operation rate for the major secondary lead smelters in China in May 2013 23
Graph 19: China’s lead import and export data in April 2013 25
Graph 20: Top ten Chinese lead ore/concentrate importers April 2013 27
Graph 21: China lead ore/concentrate import data by company in April 2013 31
◆ Lead futures on the strong footing on LME in May
◆ ILZSG: Global Lead Market In 16000-Ton Deficit Jan-Mar 2013
◆ Chinese lead smelters operation rates recover in May as new lead smelters start operation
◆ Top ten Chinese lead ore/concentrate importers April 2013
◆ Lead import and export data in China by country in April 2013
◆ China lead ore/concentrate import data by company in April 2013
Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 International crude oil price fluctuates in May 4
1.1.2 US dollar index strongly rebounds 5
1.1.3 Nonferrous metals industry enters weak cycle 6
1.2 Chinese Financial News Overview 7
1.2.1 CPI increases by 2.4%YOY while PPI decreases by 2.6% YOY in April 7
1.2.2 PMI in May increases by 0.2% from April 8
2. International Lead Market Review 9
2.1 Lead futures on the strong footing on LME in May 9
3. Chinese lead market review 11
3.1 Chinese lead concentrate market stable but sluggish in May 11
3.2 Chinese lead market fluctuates in narrow range but sentiment recovers in May 12
3.3 Secondary lead price went up from the bottom 13
3.4 Trading slows down in Chinese recycled lead acid battery market in May 16
3.5 Producers show concerns on oversupply of lead acid batteries in China 17
4. Production Data 19
4.1 ILZSG: Global Lead Market In 16000-Ton Deficit Jan-Mar 2013 19
4.2 Lead production in China 20
4.2.1 China lead concentrate production up by 4.13% MOM April 2013 20
4.2.2 China’s lead ingot production declines by 6.16% MOM in April 2013 21
4.2.3 Chinese lead smelters operation rates recover in May as new lead smelters start operation 21
4.4 The operation rate of the biggest secondary lead smelters in China in May 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 25
5.2.1 Lead ingot export increases by 21.95% MOM in April 2013 25
5.2.2 China’s lead ore/concentrate import declines by 26.8% YOY in April 2013 26
5.3 Top ten Chinese lead ore/concentrate importers April 2013 27
5.4 China lead ore/concentrate import data by company in April 2013 27
6. Company News 31
6.1 Chihong Zinc and Germanium to buy remaining stakes in Hulunbeier Chihong Mining 31
6.2 Ruifeng lead smelter to resume production in early June 31
6.3 Xinling Lead to resume production in mid June 31
7．Related Industry Development 32
7.1 China automobile sales volume increases strongly by 13.38% YOY in April 2013 32
8. Market Outlook 32
Graph 1: Crude oil prices in US in May 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 May 2013 10
Graph 6：Lead ingot inventory in the warehouses of LME in May 2013 10
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in May 2013 12
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in May 2013 13
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in May 2013 14
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in May 2013 15
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in May 2013 15
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in May 2013 16
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in May 2013 17
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in May 2013 17
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in May 2013 19
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in May 2013 19
Graph 17: World Refined Lead Supply and Usage 2008 - 2013 20
Graph 18: Operation rate for the major secondary lead smelters in China in May 2013 23
Graph 19: China’s lead import and export data in April 2013 25
Graph 20: Top ten Chinese lead ore/concentrate importers April 2013 27
Graph 21: China lead ore/concentrate import data by company in April 2013 31
