Monthly Lead Market Report Nov 2017

Contents

1. Market Highlights 3
2. Company News 3
2.1 Xinjiang Qianxin Mining stops zinc-lead concentrate production 3
2.2 Chifeng Shanjin Silver and Lead resumes production 3
2.3 Enterprises above designed size of lead and zinc industry realize profit of RMB21.6 billion in first three quarters 3
3. Chinese Market 3
3.1 Economy and Policy 3
3.1.1 All cities in Hebei required completing pollutant discharging permit issuance to key industries before late November 3
3.1.2 Ten industries in Tianjin must get certificates for discharging industrial pollutants in 2018 4
3.1.3 17 cities to reduce production during heating season 4
3.2 Market Movements 4
3.2.1 Lead concentrate prices down further 4
3.2.Asian Metal Copyright994%min prices down 5 3.Asian Metal Copyright2 Chinese lead ingot 99.994%min prices down 5
3.2.3 Chinese secondary lead prices down 5
4. International Market 5
4.1 Economy and Policy 5
4.1.1 US Fed to increase interest rate in December 5
4.2 Market Movements 5
4.2.1 LME lead prices down in November 5
5. Monthly output analysis 6
5.1 Statistics of Chinese lead output 99.994%min 6
5.1.Asian Metal Copyright97%min 5 Graph 4 Price trend of three-month LME lead 6 Graph 5 Stocks of three-month LME lead 6 Graph 6 Chinese primary lead smelters' output by month 6 Graph 7 Chinese primary lead output in some regions by month 6 Graph 8 Monthly stocks held by major lead ingot smelters in China 7 Graph 9 China's monthly stocks for lead ingot 7 Graph 10 Chinese secondary lead output by month 7 Graph 11 China's secondary lead stocks by region 7 Graph 12 Secondary lead stocks in China's smelters 8 Graph 13 China's lead concentrate and ore imports by month 9 Graph 14 China's lead concentrate and ore imports by origin country 9 Table Contents Table 1 China's lead imports and exports in October 8 Table 2 Top ten Chinese lead concentrate importers in October 9 Table 3 Imports of Chinese lead concentrate and ore in October 9.Asian Metal Copyright1 Chinese output of lead ingot down by 0.4% MOM in November 6
5.1.2 Chinese stocks of lead ingot smelters down by 35% MOM in November 6
5.2 Chinese secondary lead 7
5.2.Asian Metal Copyright Monthly output analysis 6 5.Asian Metal Copyright1 Chinese output of secondary lead down by 4.3% MOM in November 7
5.2.2 Chinese secondary lead smelters' stocks up by 18% MOM in late November 8
6. Customs Statistics 8
6.1 Chinese imports and exports of refined lead and lead concentrate by origin country in October 8
6.2 China's lead concentrate and ore imports 9
6.2.1 Chinese lead concentrate and ore import up by 22% MOM in October 9
6.2.2 Top ten Chinese lead concentrate importers in October 9
6.2.3 Chinese importers of lead concentrate and ore in October 9
7 Relevant Industry News 11
7.1 ILZSG: Global supply of refined lead and zinc in short supply 11
7.2 NDRC: China's output of ten non-ferrous metals up by 4.1% in the first three quarters 11
8 Market Outlook for Next Month 11

Graph Contents

Graph 1 Price trend for spot lead concentrate 60%min in China 4
Graph 2 Spot price trend for Chinese lead ingot 99.994%min 5
Graph 3 Spot price trend for Chinese secondary lead 99.97%min 5
Graph 4 Price trend of three-month LME lead 6
Graph 5 Stocks of three-month LME lead 6
Graph 6 Chinese primary lead smelters' output by month 6
Graph 7 Chinese primary lead output in some regions by month 6
Graph 8 Monthly stocks held by major lead ingot smelters in China 7
Graph 9 China's monthly stocks for lead ingot 7
Graph 10 Chinese secondary lead output by month 7
Graph 11 China's secondary lead stocks by region 7
Graph 12 Secondary lead stocks in China's smelters 8
Graph 13 China's lead concentrate and ore imports by month 9
Graph 14 China's lead concentrate and ore imports by origin country 9

Table Contents

Table 1 China's lead imports and exports in October 8
Table 2 Top ten Chinese lead concentrate importers in October 9
Table 3 Imports of Chinese lead concentrate and ore in October 9
.Asian Metal Copyright2 Top ten Chinese lead concentrate importers in October 9 6Asian Metal Copyright