AM Statistics: Lead ingot stocks in Chinese primary lead smelters up by 119.89% MOM in late January 2014
2014-02-12 09:24:14 [Print]
BEIJING (Asian Metal) 12 Feb 14 - The statistics published by Asian Metal about lead ingot stocks in fifty lead smelters with the total annual production capacity of 4.66 million tons in China showed that the lead ingot inventory held by the smelters was 38,700t at the end of January 2014, up by 119.89% month-on-month.
The following table is about the lead ingot stocks in Henan, Hunan and Yunnan provinces.
Unit：ton
Lead ingot 99.994%min prices continued to linger at RMB13,900-14,100/t (USD2,279-2,311/t) in the Chinese spot market in January 2014. It’s hard for suppliers to seek for logistics companies to deliver lead ingot and most consumers suspended purchasing the metal at late January, due to the approaching Chinese Spring Festival holiday. Therefore, most lead smelters’ lead ingot inventory increased a lot at the end of January.
However, most lead smelters and battery producers will return to the market in mid-February, and smelters may try to reduce lead ingot inventory then. The lead ingot inventory may decline at the end of February.
The following table is about the lead ingot stocks in Henan, Hunan and Yunnan provinces.
Unit：ton
Province |
Late December 2013 |
Late January 2014 |
Henan |
5500 |
14200 |
Hunan |
3400 |
6200 |
Yunnan |
800 |
2900 |
Others |
7900 |
15400 |
Total |
17600 |
38700 |
Lead ingot 99.994%min prices continued to linger at RMB13,900-14,100/t (USD2,279-2,311/t) in the Chinese spot market in January 2014. It’s hard for suppliers to seek for logistics companies to deliver lead ingot and most consumers suspended purchasing the metal at late January, due to the approaching Chinese Spring Festival holiday. Therefore, most lead smelters’ lead ingot inventory increased a lot at the end of January.
However, most lead smelters and battery producers will return to the market in mid-February, and smelters may try to reduce lead ingot inventory then. The lead ingot inventory may decline at the end of February.
Lead Ingot 99.994%min In warehouse Shanghai
Unit:RMB/mt
China primary lead producers' sales to production ratio statistics by province by month
Unit: %
