Lead Market Report July 2014
2014-08-15 15:33:29 【Print】
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Introduction 3
1. Financial Overview 4
1.1 Chinese domestic financial overview 4
1.1.1 China’s CPI up by 2.3% and PPI down by 1.1% YOY in June 4
1.1.2 China’s PMI hits new high in July 4
1.2 International financial overview 5
1.2.1 Crude oil futures prices fall back 5
1.2.2 US dollar Index continues to climb 6
2. International Market Review 7
2.1 Lead futures roar on LME in July 7
3. Chinese market review 8
3.1 Chinese lead concentrate prices shoot up in late July 8
3.2 Chinese lead ingot prices rise sharply 9
3.3 Secondary lead prices rebound in July 10
3.4 Recycled lead battery prices rebound slightly in July 12
3.5 Lead acid battery demand weak in July 14
4. Production Data 16
4.1 World demand for refined lead metal exceeds supply by 20kt Jan-May 2014 16
4.2 Lead production in China 16
4.2.1 China’s refined lead ingot production up by 7.55% MOM in Jun 2014 16
4.2.2 Chinese primary lead smelters’ operating rate rises slightly to 61.42% in July 16
4.2.3 Secondary lead output of largest smelters up by 8.4% MOM in July 18
4.2.4 Lead ingot stocks at Chinese primary lead smelters down by 48.92% MOM in late July 2014 18
4.2.5 Recycled lead battery inventories held by major secondary lead smelters down by 16.5% MOM by the end of July 19
4.2.6 Major smelters’ secondary lead stocks up by 46% MOM in late July 20
5. Import and export data in China 21
5.1 Lead import and export data in China by country: 21
5.2 Analysis of lead import & export data 22
5.2.1 China’s lead ore/concentrate imports up by 11.62% MOM in June 2014 22
5.2.2 China’s refined lead exports up by 79.59% YOY in H1 2014 25
5.3 Top ten Chinese lead ore/concentrate importers in June 2014 26
Zhejiang Materials Industry International Co., Ltd. 26
5.4 Chinese lead acid battery exports down by 3.2% MOM in June 27
6. Company News 28
6.1 Yunnan Tin’s lead smelter resumes production in early July 28
6.2 Tianma’s lead smelting project suspended 28
6.3 Xinling Lead finished maintenance and resumed production in late July 28
6.4 Cangwu Nonferrous’ lead smelter carries out technological renovation 29
7. Related industry Developments 29
7.1 China’s automobile sales volumes up by 5.23% YOY in June 29
8． Market Outlook 29
Graph 1 China's CPI and PPI trend in 2012-2014 4
Graph 2 PMI index of Chinese manufacturing industry 5
Graph 3 Crude oil futures prices trend in the US major transaction market in July 6
Graph 4 US dollar index trend 6
Graph 5: The price graph of lead futures on the LME in July 2014 7
Graph 6: Lead ingot inventories in LME warehouses in July 2014 8
Graph 7: Lead concentrate 60%min prices on the Chinese spot market in July 2014 9
Graph 8: Lead ingot 99.994%min prices on the Chinese spot market in July 2014 10
Graph 9 Secondary Lead 98%min EX-VAT prices on Chinese market in July 2014 11
Graph 10 Secondary Lead 98%min prices on the Chinese spot market in July 2014 11
Graph 11 Secondary Lead 99.97%min EX-VAT prices on the Chinese spot market in July 2014 12
Graph 12 Secondary Lead 99.97%min prices on the Chinese spot market in July 2014 12
Graph 13 Recycled start-type lead battery EX-VAT prices on the Chinese spot market in July 2014 13
Graph 14 Recycled deep cycle lead battery EX-VAT prices on the Chinese spot market in July 2014 14
Graph 15 Processing charges for deep cycle lead battery polar plate in July 2014 15
Graph 16 Processing charges of start-type lead battery polar plate in July 2014 15
Graph 17: Chinese Primary lead smelters’ lead ingot production and operating rates Jun 2013-Jul 2014 17
Graph 18 Large secondary lead smelters' output by region 18
Graph 19 Major secondary lead smelters' recycled lead battery inventories by region 20
Graph 20 Secondary lead inventory of largest smelters by region 21
Graph 21: China’s lead concentrate imports Jan 2013-June 2014 23
Graph 22: Lead ore/concentrate imported from Australia into China Jan-Jun 2014 24
Graph 23: Lead ore/concentrate imported from Peru into China Jan-Jun 2014 24
Graph 24: China refined lead exports 2013-2014 26
Graph 25: China’s lead acid battery export in 2013-2014 27
Table 1: Operating rates for lead smelters in Henan, Hunan and Yunnan in July 2014 17
Table 2: Lead ingot stocks in Henan, Hunan and Yunnan provinces in late July 2014 19
Table 3: China’s lead import and export data in June 2014 22
Table 4: China’s refined lead export destinations and export quantities in June 2014 25
Table 5: Top ten Chinese lead ore/concentrate importers in June 2014 27
Table 6 The top 20 importing countries for Chinese lead acid batteries in June 28
