Monthly Lead Market Report Jan 2018

Contents

1 Market Highlights 4
2 Economy and Policy 4
2.1 Economy and Policy in China 4
2.2 Economy and Policy Abroad 4
3 Company News 4
3.1 Zhicheng Gold & Lead halts lead ingot production for maintenance 4
3.2 Zhuzhou Smelter Group to invest RMB758 million to build electrolytic lead and rare & precious metal recovery project 4
3.3 Minshan Nonferrous Metals to halt lead ingot production for maintenance in mid-January 4
3.4 Bairen Mining suspends lead concentrate production 4
4 Market Movements 4
4.1 Market Movements in China 4
4.1.1 Lead ingot prices rise steadily 4
4.1.2 Lead concentrate prices edge up 5
4.1.3 Secondary lead prices up 5
4.2 Market Movements Abroad 5
4.2.1 LME lead prices up 5
4.2.2 LME lead stocks down 5
5 Producers Statistics 6
5.1 China's primary lead output down by 7.1% MOM in January 2018 6
5.2 Stocks of China's primary lead producers down by about 10.5% MOM in January 2018 6
5.3 China's secondary lead output up by about 4.2% MOM in January 2018 7
5.4 Stocks of China's secondary lead producers down by about 15.8% MOM in late January 2018 7
6 Customs Statistics 8
6.1 Chinese lead ore and concentrate imports down by about 30.85% MOM in December 2017 8
7 Relevant Industry News 9
7.1 Automobile 9
8 Market Outlook for Next Month 9
9 Appendix 10

Graph 1 Chinese spot lead ingot price trend from 2017-12-1 to 2018-1-31 (RMB/t) 5
Graph 2 Chinese spot lead concentrate price trend from 2017-12-1 to 2018-1-31 (RMB/metal ton) 5
Graph 3 Chinese secondary lead 99.97%min price trend from 2017-12-1 to 2018-1-31 (RMB/t) 5
Graph 4 3-month lead settlement on LME from 2017-12-1 to 2018-1-31 (USD/t) 5
Graph 5 Lead stocks on LME from 2017-12-1 to 2018-1-31 (USD/t) 6
Graph 6 China's primary lead output by month from Jan 2017 to Jan 2018 (kt) 6
Graph 7 China's primary lead output by province from Jan 2017 to Jan 2018 (kt) 6
Graph 8 Stocks of China's primary lead producers by month from Jan 2017 to Jan 2018 (kt) 6
Graph 9 Stocks of China's primary lead producers by month by province from Jan 2017 to Jan 2018 (kt) 7
Graph 10 China's secondary lead output by month from Jan 2017 to Jan 2018 (kt) 7
Graph 11 China's secondary lead output by province from Jan 2017 to Jan 2018 (kt) 7
Graph 12 Stocks of China's secondary lead producers by month from Jan 2017 to Jan 2018 (kt) 8
Graph 13 Stocks of China's secondary lead producers by month by province from Jan 2017 to Jan 2018 (kt) 8
Graph 14 Chinese imports of lead ore and concentrate by month from Jan 2016 to Dec 2017 (kt) 8
Graph 15 Chinese imports of lead concentrate by month by major country from Jan 2016 to Dec 2017 kt) 8

Table 1 Chinese imports of lead ore and concentrate by country in December 2017 9
Table 2 Chinese lead ore importers in December 2017 10



.Asian Metal Copyright4 Bairen Mining suspends lead concentrate production 4 4 Market Movements 4 4Asian Metal Copyright