Lead Market Report August 2013
2013-09-10 18:29:22 【Print】
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Highlights
◆ ILZSG: Global Lead Market in 40kt Deficit Jan-Jun 2013
◆ Chinese lead ingot prices jump up strongly in August on tight supply
◆ Secondary lead price rebounds quickly in Chinese market in August
◆ Chinese lead smelters operation rate drops slightly to 53.54% in August 2013
◆ Top ten Chinese lead ore/concentrate importers July 2013
◆ Lead import and export data in China by country in July 2013
Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 Crude oil prices to go up with volatile situation in Syria 4
1.1.2 USD index fluctuate slightly 5
1.2 Chinese Financial News Overview 6
1.2.1 CPI up by 2.7% while PPI down by 2.3% YOY in July 6
1.2.2 PMI increased further to 51.0% 7
2. International Lead Market Review 8
2.1 Lead futures strengthen on the LME in August 8
3. Chinese lead market review 10
3.1 Lead concentrate supply increases in Chinese market on recovery of lead and silver prices 10
3.2 Chinese lead ingot prices jump up strongly in August on tight supply 11
3.3 Secondary lead price rebounds quickly in Chinese market in August 12
3.4 Recycled lead battery prices climb up in August 15
3.5 The busy season of deep cycle lead battery is gone 16
4. Production Data 19
4.1 Global market for refined lead metal in deficit by 40kt in H1 2013 19
4.2 Lead production in China 19
4.2.1 China lead concentrate production down by 19.02% MOM in July 2013 19
4.2.2 China refined lead ingot production up by 3.19% YOY in July 2013 20
4.2.3 Chinese lead smelters operation rate drops slightly to 53.54% in August 2013 21
4.4 The operation rate of biggest secondary lead smelters in August 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 China’s lead ore/concentrate import declines by 19.63% YOY in July 25
5.2.2 China lead ingot export up by 11.28% MOM in July 2013 26
5.3 Top ten Chinese lead ore/concentrate importers July 2013 26
6. Company News 27
6.1 Zhesheng Lead-Zinc Mine delays to start operation in H1 of 2014 27
6.2 Yuyuan’s 60,000tpy lead smelter starts operation in late August 27
6.3 Yunnan Tin’s lead smelter to resume production in October 28
6.5 Baiyinnuoer Lead Zinc Mine’s expansion project to start operation in late September 29
6.6 Xiangyun Feilong launches a 50,000tpy lead smelting project 29
7．Related Industry Development 30
7.1 China automobile output increases by 10.2%YOY in July 30
8. Market Outlook 30
Graph 1: Crude oil prices in US in August 2013 5
Graph 2: USD index chart 6
Graph 3: Chinese CPI and PPI chart during 2011-2013 7
Graph 4: Chinese PMI chart during 2011-2013 8
Graph 5：The price graph of lead futures on the LME in August 2013 9
Graph 6：Lead ingot inventory in the warehouses of LME in August 2013 9
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in August 2013 11
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in August 2013 12
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in August 2013 13
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in August 2013 14
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in August 2013 14
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in August 2013 15
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in August 2013 16
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in August 2013 16
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in August 2013 18
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in August 2013 18
Graph 17: World Refined Lead Supply and Usage 2008 - 2013 19
Graph 18: Lead smelters operation rates in Henan, Hunan and Yunnan in August 21
Graph 19: Large secondary lead smelters operation rates in July 23
Graph 20: Large secondary lead smelters operation rates in Jan-Aug 2013 23
Graph 21: China’s lead import and export data in July 2013 25
Graph 22: Top ten Chinese lead ore/concentrate importers July 2013 27
