Monthly Lead Market Report May 2022

1 Market Highlights 3
2 Economy and Policy 3
2.1 GACC: China's import and export value of foreign trade up by 7.9% YoY in Jan-Apr 3
2.2 Four departments: Strengthen supply and price stability of important raw materials and primary products 3
2.3 NEA: To boost reduction and restriction of coal consumption in steel, nonferrous-metal, building material and other industries 3
2.4 NDRC considers expanding Catalogue of Industries for Encouraging Foreign Investment 3
2.5 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 4
2.6 WBMS: Global lead market has deficit of 92,000 tons in Jan-Mar 2022 4
2.7 ILZSG: Global lead market sees shortage of 9,600t in Mar 4
3 Market Movements 4
3.1 Market Movements in China 4
3.1.Asian Metal Copyright7 ILZSG: Global lead market sees shortage of 9,600t in Mar 4 3 Market Movements 4 3.Asian Metal Copyright1 Lead ingot 99.994%min 4
3.1.2 Lead concentrate 60%min 5
3.1.3 Imported lead concentrate 50%min 5
3.1.Asian Metal Copyright5 MoF: China's 2022 tax rebates cuts and fee reductions to total RMB2.Asian Metal Copyright4 Secondary lead ingot 99.994%min 5
3.1.5 Secondary lead ingot 98%min 6
3.1.6 Recycled battery 6
4 Company News 6
4.1 Yuguang Gold & Lead to raise no more than RMB1.47 billion for projects including secondary lead production line 6
4.2 Jiangxi Fengri Metallurgy suspends secondary lead ingot output 7
4.3 Jingui Silver's crude lead system completes annual maintenance and goes into production 7
4.4 Haicheng Chengxin Nonferrous Metal to resume lead ingot output 7
4.5 Dahua Energy to increase secondary lead output 7
4.6 Minshan Huanneng Gaoke to decrease lead ingot output 7
4.7 Chifeng Shanjin Silver and Lead to maintain lead ingot production lines 7
4.8 Akto Xinneng Mining resumes lead concentrate production 7
5 Producers Statistics 8
5.1 Primary lead producers statistics 8
5.1.Asian Metal Copyright1.Asian Metal Copyright1 China's primary lead producers' operating rate records 61.59% in May 2022 8
5.1.Asian Metal Copyright5 trillion 4 2.Asian Metal Copyright2 China's primary lead producers' output down by 2.24% MOM in May 2022 8
5.1.Asian Metal Copyright3.Asian Metal Copyright3 China's primary lead producers' stocks down by 6.14% MOM in May 2022 9
5.2 Secondary lead producers statistics 9
5.2.Asian Metal Copyright61% MOM in May 2022 10 5.Asian Metal Copyright1 China's secondary lead producers' operating rate records 45.40% in May 2022 9
5.2.Asian Metal Copyright4 Haicheng Chengxin Nonferrous Metal to resume lead ingot output 7 4.Asian Metal Copyright2 China's secondary lead producers' output up by 8.61% MOM in May 2022 10
5.2.Asian Metal Copyright1 China's secondary lead producers' operating rate records 45.Asian Metal Copyright3 China's secondary lead producers' stocks up by 35.15% MOM in May 2022 10
5.3 Lead concentrate producers statistics 11
5.3.Asian Metal Copyright77% MOM in May 2022 12 6.Asian Metal Copyright1 China's lead concentrate producers' operating rate records 54.04% in May 2022 11
5.3.Asian Metal Copyright1 Primary lead producers statistics 8 5.Asian Metal Copyright2 China's lead concentrate producers' output up by 11.49% MOM in May 2022 11
5.3.3 China's lead concentrate producers' stock up by 10% MOM in May 2022 12
6 Consumers Statistics 12
6.1 China primary lead producers' consumption volume for lead concentrate down by 1.77% MOM in May 2022 12
6.2 China primary lead producers' inventory for lead concentrate down by 0.25% MOM in May 2022 13
7 Customs Statistics 13
7.1 China's lead concentrate and ore imports up by 23.25% MOM in Apr 2022 13
8 Market Outlook for Next Month 14
8.1 Lead ingot 99.994%min 14
8.2 Lead concentrate 60%min 14
8.3 Imported lead concentrate 50%min TCs 14
8.4 Secondary lead ingot 99.994%min 14
8.5 Secondary lead ingot 98%min 14
8.6 Used battery 15
.Asian Metal Copyright1 GACC: China's import and export value of foreign trade up by 7Asian Metal Copyright