Monthly Lead Market Report Jan 2018

Contents
1 Market Highlights 3
2 Economy and Policy 3
2.1 Economy and Policy in China 3
3 Market Movements 3
3.1 Market Movements in China 3
3.1.1 Lead ingot prices down 3
3.1.2 Lead concentrate prices down 3
3.1.3 Secondary lead prices down 3
3.2 Market Movements Abroad 4
3.2.1 LME lead price down 4
3.2.2 LME lead stocks rise after dropping 4
4 Company News 4
4.1 Chubu Electric Power cooperates with Toyota 4
4.2 Sound Group's used battery reclamation project to come on stream in H1 of 2018 4
4.3 Jinyang Metallurgical's secondary lead ingot output expected to fall in February 4
4.4 Hongyang Lead's lead ingot output expected to decrease in February 4
5 Producers Statistics 5
5.1 China's primary lead output down by 6.4% MOM in February 2018 5
5.2 Stocks of China's primary lead producers down by about 17.6% MOM in February 2018 5
5.3 China's secondary lead output down by about 19.6% MOM in February 2018 5
5.4 Stocks of China's secondary lead producers down by about 14.3% MOM in late February 2018 6
6 Customs Statistics 6
6.1 China's lead ore and concentrate imports up by about 11.62% MOM in Jan 2018 6
7 Relevant Industry News 7
7.1 Storage battery 7
8 Market Outlook for Next Month 7
9 Appendix 8

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

Table 1 China's imports of lead ore and concentrate by origin in January 2018 7
Table 2 Chinese lead ore importers in January 2018 8




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