Monthly Lead Market Report Mar 2019

Content
1 Market Highlights 3
2 Economy and Policy 3
2.1 Economy and Policy in China 3
2.1.1 China to further cut taxes in 2019 3
2.1.2 Yunnan to realize complete supervision for solid waste by 2020 3
2.1.Asian Metal Copyright994%min price trend in Shanghai from Feb 2019 to Mar 2019 RMBt 5 Graph 2 China's lead concentrate 60%min price trend from Feb 2019 to Mar 2019 RMBmetal ton 5 Graph 3 Secondary lead ingot 99.Asian Metal Copyright3 China.Asian Metal Copyright2.Asian Metal Copyright U.Asian Metal Copyright4 China's secondary lead producers' stocks down by 11.Asian Metal CopyrightS. to have 8th and 9th rounds of trade talk 3
2.1.4 MEE strictly cracks down on illegal collection and disposal of waste lead-acid batteries 4
2.2 Economy and Policy Abroad 4
2.2.1 Russia intents to stop exporting nonferrous ore and concentrate 4
2.2.2 ILZSG: Global lead market supply gap enlarges to 25,500t in Jan 4
3 Market Movements 4
3.1 Market Movements in China 4
3.1.1 Lead ingot price fluctuate down 4
3.1.2 TCs for lead concentrate keep stable 5
3.1.3 Secondary lead prices fluctuate down 5
3.2 Market Movements Abroad 6
3.2.1 LME lead prices fluctuate down 6
3.2.2 LME lead stocks up slightly 6
4 Company News 6
4.1 Xinling Lead maintains lead ingot production line 6
4.2 Yuteng Nonferrous Metals resumes lead ingot production 7
4.3 Yongning Gold & Lead to put secondary lead project into production in H1 of 2019 7
4.4 Largest lead-copper plant in Iran comes on stream 7
4.5 Mayang Nonferrous Metal resumes lead ingot production 7
4.6 Yuexi Mining resumes lead-zinc concentrate production 7
4.7 Jingui Silver and Hechi Guotou establish long-term strategic cooperation 7
5 Producers Statistics 8
5.1 China's primary lead producers' output up by 10.7% MOM in Mar 8
5.2 China's primary lead producers' stocks up by 48.3% MOM in late Mar 8
5.3 China's secondary lead producers' output up by 82.5% MOM in Mar 9
5.4 China's secondary lead producers' stocks down by 11.7% MOM in late Mar 9
6 Customs Statistics 10
6.1 China's lead concentrate and ore imports down by about 25.2% MOM in Feb 10
7 Relevant Industry News 11
7.1 Storage battery market 11
7.2 Vehicle 11
8 Market Outlook for Next Month 11

Graph Content
Graph 1 Lead ingot 99.994%min price trend in Shanghai from Feb 2019 to Mar 2019 (RMB/t) 5
Graph 2 China's lead concentrate 60%min price trend from Feb 2019 to Mar 2019 (RMB/metal ton) 5
Graph 3 Secondary lead ingot 99.994%min price trend in China from Feb 2019 to Mar 2019 (RMB/t) 5
Graph 4 China's recycled deep cycle battery price trend from Feb 2019 to Mar 2019 (RMB/t) 6
Graph 5 LME lead price trend from Feb 2019 to Mar 2019 (USD/t) 6
Graph 6 Lead stocks on LME from Feb 2019 to Mar 2019 (ton) 6
Graph 7 China's primary lead producers' output by month from Jan 2018 to Mar 2019 (kt) 8
Graph 8 China's primary lead producers' output by region and month from Jan 2018 to Mar 2019 (kt) 8
Graph 9 China's primary lead producers' stocks by month from Jan 2018 to Mar 2019 (ton) 8
Graph 10 China's primary lead producers' stocks by region and month from Jan 2018 to Mar 2019 (ton) 8
Graph 11 China's secondary lead producers' output by month from Jan 2018 to Mar 2019 (kt) 9
Graph 12 China's secondary lead producers' output by region and month from Jan 2019 to Mar 2019 (kt) 9
Graph 13 China's secondary lead producers' stocks by month from Jan 2018 to Mar 2019 (ton) 9
Graph 14 China's secondary lead producers' stocks by region and month from Jan 2018 to Mar 2019 (ton) 10
Graph 15 China's lead concentrate and ore imports by month and country from Jan 2018 to Feb 2019 (kt) 10
Graph 16 China's lead concentrate and ore imports by month and country from Jan 2018 to Feb 2019 (kt) 10


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