Lead Market Report October 2013
2013-11-11 18:07:22 【Print】
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Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 Futures prices of crude oil continued to fall back 4
1.1.2 US government reopens, markets are not embracing US dollar 5
1.2 Chinese Financial News Overview 6
1.2.1 CPI up by 3.1, PPI down by 1.3% YOY in September 6
1.2.2 PMI hit eighteen-month high in October 7
2. International Lead Market Review 8
2.1 Lead futures strengthen on LME in October 8
3. Chinese lead market review 9
3.1 Lead concentrate market stable but supply remains tight 9
3.2 Chinese lead ingot market dull in October 10
3.3 Secondary lead demand weak but price firm in October 12
3.4 Recycled lead battery prices decrease in October 15
3.5 Demand for lead acid battery rebounds in October 16
4. Production Data 18
4.1 Global market for refined lead metal in deficit by 58kt in Jan-Aug 2013 18
4.2 Lead production in China 19
4.2.1 China lead concentrate production up by 10.56% MOM in September 2013 19
4.2.2 China refined lead ingot production up by 3.0% MOM in September 2013 19
4.2.3 Chinese lead smelters operation rate continues to recover in October 20
4.2.4 Secondary lead output of biggest smelters increases slowly in October 21
5. Lead import and export data in China 22
5.1 Lead import and export data in China by country: 22
5.2 Analysis on lead import & export data 25
5.2.1 China’s lead ore/concentrate import declines by 30.81% YOY in September 25
5.2.2 China lead ingot export up by 53.61% MOM in September 2013 26
5.3 Top ten Chinese lead ore/concentrate importers September 2013 26
5.4 China lead ore/concentrate import data by company in September 2013 27
5.5 Chinese lead acid battery export volume decreased slowly 32
6. Company News 33
6.1 Chengming Smelting’s lead smelting expansion project delays to start operation in May 2014 33
6.2 Hualian Zinc & Indium zinc mining project starts trial operation 33
6.3 Mengzi Mining and Smelting’s 60,000tpy lead smelter to start operation in December 2013 33
6.4 Baiyinnuoer Lead Zinc Mine’s expansion project starts operation in late October 34
6.5 Dakuangshan Mine achieves full production in September as schedule 34
6.6 Jinde Lead increases lead ingot production in October 35
7．Related Industry Development 35
7.1 China automobile sales volume increase by 19.66%YOY in September 2013 35
8. Market Outlook 35
Graph 1: Crude oil prices in US in 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 October 2013 9
Graph 6：Lead ingot inventory in the warehouses of LME in October 2013 9
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in October 2013 10
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in October 2013 11
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in October 2013 13
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in October 2013 13
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in October 2013 14
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in October 2013 14
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in October 2013 15
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in October 2013 16
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in October 2013 17
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in October 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 October 21
Graph 19: Large secondary lead smelters operation rates in October 22
Graph 20: Large secondary lead smelters operation rates in Jan-Oct 2013 22
Graph 21: China’s lead import and export data in September 2013 25
Graph 22: Top ten Chinese lead ore/concentrate importers September 2013 27
Graph 23: China lead ore/concentrate import data by company in September 2013 32
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 Futures prices of crude oil continued to fall back 4
1.1.2 US government reopens, markets are not embracing US dollar 5
1.2 Chinese Financial News Overview 6
1.2.1 CPI up by 3.1, PPI down by 1.3% YOY in September 6
1.2.2 PMI hit eighteen-month high in October 7
2. International Lead Market Review 8
2.1 Lead futures strengthen on LME in October 8
3. Chinese lead market review 9
3.1 Lead concentrate market stable but supply remains tight 9
3.2 Chinese lead ingot market dull in October 10
3.3 Secondary lead demand weak but price firm in October 12
3.4 Recycled lead battery prices decrease in October 15
3.5 Demand for lead acid battery rebounds in October 16
4. Production Data 18
4.1 Global market for refined lead metal in deficit by 58kt in Jan-Aug 2013 18
4.2 Lead production in China 19
4.2.1 China lead concentrate production up by 10.56% MOM in September 2013 19
4.2.2 China refined lead ingot production up by 3.0% MOM in September 2013 19
4.2.3 Chinese lead smelters operation rate continues to recover in October 20
4.2.4 Secondary lead output of biggest smelters increases slowly in October 21
5. Lead import and export data in China 22
5.1 Lead import and export data in China by country: 22
5.2 Analysis on lead import & export data 25
5.2.1 China’s lead ore/concentrate import declines by 30.81% YOY in September 25
5.2.2 China lead ingot export up by 53.61% MOM in September 2013 26
5.3 Top ten Chinese lead ore/concentrate importers September 2013 26
5.4 China lead ore/concentrate import data by company in September 2013 27
5.5 Chinese lead acid battery export volume decreased slowly 32
6. Company News 33
6.1 Chengming Smelting’s lead smelting expansion project delays to start operation in May 2014 33
6.2 Hualian Zinc & Indium zinc mining project starts trial operation 33
6.3 Mengzi Mining and Smelting’s 60,000tpy lead smelter to start operation in December 2013 33
6.4 Baiyinnuoer Lead Zinc Mine’s expansion project starts operation in late October 34
6.5 Dakuangshan Mine achieves full production in September as schedule 34
6.6 Jinde Lead increases lead ingot production in October 35
7．Related Industry Development 35
7.1 China automobile sales volume increase by 19.66%YOY in September 2013 35
8. Market Outlook 35
Graph 1: Crude oil prices in US in 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 October 2013 9
Graph 6：Lead ingot inventory in the warehouses of LME in October 2013 9
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in October 2013 10
Graph 8: Lead ingot 99.994%min prices in the Chinese spot market in October 2013 11
Graph 9: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in October 2013 13
Graph 10: Secondary lead ingot 98%min prices in the Chinese spot market in October 2013 13
Graph 11: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in October 2013 14
Graph 12: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in October 2013 14
Graph 13: Recycled start-type battery EX-VAT prices in the Chinese spot market in October 2013 15
Graph 14: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in October 2013 16
Graph 15：The processing charge of deep-cycle lead acid battery polar plate in Chinese spot market in October 2013 17
Graph 16：The processing charge of start-type lead acid battery polar plate in Chinese spot market in October 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 October 21
Graph 19: Large secondary lead smelters operation rates in October 22
Graph 20: Large secondary lead smelters operation rates in Jan-Oct 2013 22
Graph 21: China’s lead import and export data in September 2013 25
Graph 22: Top ten Chinese lead ore/concentrate importers September 2013 27
Graph 23: China lead ore/concentrate import data by company in September 2013 32
