Lead Market Report January 2014
2014-02-14 15:07:24 【Print】
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Catalog
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 Crude oil futures price declined in January 4
1.1.2 US dollar index keeps consolidating 5
1.2 Chinese Financial News Overview 6
1.2.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 6
1.2.2 PMI records new low in January 6
2. International Market Review 7
2.1 Lead futures retreat on the LME in January 7
3. Chinese market review 9
3.1 Chinese lead concentrate market quiet for Spring Festival holiday 9
3.2 Lead ingot trading slows down in Chinese market in January 10
3.3 Many secondary lead smelters stopped production before Spring Festival 11
3.4 Recycled lead battery market slow 14
3.5 Lead acid battery market stable 16
4．Production Data 17
4.1 Global market for refined lead in deficit by 41kt in Jan-Nov 2013 17
4.2 Lead production in China 18
4.2.1 China’s lead concentrate production up by 13.17% YOY in 2013 18
4.2.2 China’s refined lead ingot production down by 14.70% MOM in December 2013 19
4.2.3 Secondary lead output of largest smelters continues decreasing in January 2014 20
4.2.4 Chinese primary lead smelters’ operation rate declines to 59.41% in January 2014 21
4.3 Lead ingot stocks in Chinese primary lead smelters up by 119.89% MOM in late January 2014 23
5. Import and export data in China 24
5.1 Lead import and export data in China by country: 24
5.2 Analysis on lead import & export data 27
5.2.1 China’s lead ore/concentrate import up by 24.57% MOM in December 2013 27
5.2.2 China’s refined lead export up by 17.67% MOM in December 2013 28
5.3 Top ten Chinese lead ore/concentrate importers in December 2013 29
6．Company News 30
6.1 Fujia Nonferrous Metal’s lead smelter halts production for maintenance 30
6.2 Yunnan Tin’s lead smelter resumes production 30
6.3 Zhenxing Lead’s 100,000tpy of lead smelter to start operation in late 2014 30
7．Related Industry Development 31
7.1 China automobile sales volume in December hits the highest level in 2013 31
8．Market Outlook 31
Graph 1: Futures prices of crude oil in US 5
Graph 2: USD index chart 5
Graph 3: Chinese CPI and PPI trend 2012-2013 6
Graph 4: China’s PMI index in 2012-2014 7
Graph 5：The price graph of lead futures on the LME in January 2014 8
Graph 6: Lead ingot inventory in the warehouses of LME in January 2014 8
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in January 2014 10
Graph 8：Lead ingot 99.994%min prices in the Chinese spot market in January 2014 11
Graph 9: Secondary Lead 98%min EX-VAT prices in the Chinese spot market in January 2014 12
Graph 10: Secondary Lead 98%min prices in the Chinese spot market in January 2014 13
Graph 11：Secondary Lead 99.97%min EX-VAT prices in the Chinese spot market in January 2014 13
Graph 12：Secondary Lead 99.97%min prices in the Chinese spot market in January 2014 14
Graph 13：Recycled start-type lead battery EX-VAT prices in the Chinese spot market in January 2014 15
Graph 14: Recycled deep cycle lead battery EX-VAT prices in the Chinese spot market in January 2014 15
Graph 15: The processing charges of deep cycle lead battery polar plate in January 2014 16
Graph 16: The processing charges of start-type lead battery polar plate in January 2014 17
Graph 17: China’s lead concentrate production 2008-2013 18
Graph 18: China refined lead production Jan-Dec 2013 19
Graph 19: The output of large secondary lead smelters by region in January 2014 20
Graph 20: Secondary lead output of Chinese large smelters in the first twelve months in 2013-2014 21
Graph 21: Chinese Primary lead smelters’ lead ingot production and operation rates Feb 2013-Jan 2014 22
Graph 22：China’s Lead Concentrate Import Jan-Dec 2013 27
Graph 23: China refined lead export Jan-Dec 2013 29
Table 1: World Refined Lead Supply and Usage 2008-2013 18
Table 2：Lead smelters operation rates in Henan, Hunan and Yunnan in January 2014 22
Table 3：Lead ingot stocks in Henan, Hunan and Yunnan provinces in late January 2014 23
Table 4：China’s lead import and export data in December 2013 26
Table 5: China’s refined lead export destinations and the export quantity in December 2013. 28
Table 6: Top ten Chinese lead ore/concentrate importers in December 2013 30
Introduction 4
1. Financial News Overview 4
1.1 International financial news overview 4
1.1.1 Crude oil futures price declined in January 4
1.1.2 US dollar index keeps consolidating 5
1.2 Chinese Financial News Overview 6
1.2.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 6
1.2.2 PMI records new low in January 6
2. International Market Review 7
2.1 Lead futures retreat on the LME in January 7
3. Chinese market review 9
3.1 Chinese lead concentrate market quiet for Spring Festival holiday 9
3.2 Lead ingot trading slows down in Chinese market in January 10
3.3 Many secondary lead smelters stopped production before Spring Festival 11
3.4 Recycled lead battery market slow 14
3.5 Lead acid battery market stable 16
4．Production Data 17
4.1 Global market for refined lead in deficit by 41kt in Jan-Nov 2013 17
4.2 Lead production in China 18
4.2.1 China’s lead concentrate production up by 13.17% YOY in 2013 18
4.2.2 China’s refined lead ingot production down by 14.70% MOM in December 2013 19
4.2.3 Secondary lead output of largest smelters continues decreasing in January 2014 20
4.2.4 Chinese primary lead smelters’ operation rate declines to 59.41% in January 2014 21
4.3 Lead ingot stocks in Chinese primary lead smelters up by 119.89% MOM in late January 2014 23
5. Import and export data in China 24
5.1 Lead import and export data in China by country: 24
5.2 Analysis on lead import & export data 27
5.2.1 China’s lead ore/concentrate import up by 24.57% MOM in December 2013 27
5.2.2 China’s refined lead export up by 17.67% MOM in December 2013 28
5.3 Top ten Chinese lead ore/concentrate importers in December 2013 29
6．Company News 30
6.1 Fujia Nonferrous Metal’s lead smelter halts production for maintenance 30
6.2 Yunnan Tin’s lead smelter resumes production 30
6.3 Zhenxing Lead’s 100,000tpy of lead smelter to start operation in late 2014 30
7．Related Industry Development 31
7.1 China automobile sales volume in December hits the highest level in 2013 31
8．Market Outlook 31
Graph 1: Futures prices of crude oil in US 5
Graph 2: USD index chart 5
Graph 3: Chinese CPI and PPI trend 2012-2013 6
Graph 4: China’s PMI index in 2012-2014 7
Graph 5：The price graph of lead futures on the LME in January 2014 8
Graph 6: Lead ingot inventory in the warehouses of LME in January 2014 8
Graph 7: Lead concentrate 60%min prices in the Chinese spot market in January 2014 10
Graph 8：Lead ingot 99.994%min prices in the Chinese spot market in January 2014 11
Graph 9: Secondary Lead 98%min EX-VAT prices in the Chinese spot market in January 2014 12
Graph 10: Secondary Lead 98%min prices in the Chinese spot market in January 2014 13
Graph 11：Secondary Lead 99.97%min EX-VAT prices in the Chinese spot market in January 2014 13
Graph 12：Secondary Lead 99.97%min prices in the Chinese spot market in January 2014 14
Graph 13：Recycled start-type lead battery EX-VAT prices in the Chinese spot market in January 2014 15
Graph 14: Recycled deep cycle lead battery EX-VAT prices in the Chinese spot market in January 2014 15
Graph 15: The processing charges of deep cycle lead battery polar plate in January 2014 16
Graph 16: The processing charges of start-type lead battery polar plate in January 2014 17
Graph 17: China’s lead concentrate production 2008-2013 18
Graph 18: China refined lead production Jan-Dec 2013 19
Graph 19: The output of large secondary lead smelters by region in January 2014 20
Graph 20: Secondary lead output of Chinese large smelters in the first twelve months in 2013-2014 21
Graph 21: Chinese Primary lead smelters’ lead ingot production and operation rates Feb 2013-Jan 2014 22
Graph 22：China’s Lead Concentrate Import Jan-Dec 2013 27
Graph 23: China refined lead export Jan-Dec 2013 29
Table 1: World Refined Lead Supply and Usage 2008-2013 18
Table 2：Lead smelters operation rates in Henan, Hunan and Yunnan in January 2014 22
Table 3：Lead ingot stocks in Henan, Hunan and Yunnan provinces in late January 2014 23
Table 4：China’s lead import and export data in December 2013 26
Table 5: China’s refined lead export destinations and the export quantity in December 2013. 28
Table 6: Top ten Chinese lead ore/concentrate importers in December 2013 30
