Monthly Lead Market Report Oct 2022

1 Market Highlights 2
2 Economy and Policy 2
2.1 IMF cuts 2023 global economic growth forecast to 2.7% 2
2.2 WBMS: Global lead market records deficit of 146,000 tons in Jan-Aug 2
2.3 ILZSG: Global lead market suffers short supply by 27.6kt in Aug 2
2.4 MEE: To launch third round of central ecological and environmental protection inspection campaign 2
2.5 GACC: China's foreign trade value up by 9.9% YOY in Jan-Sep 2022 2
2.6 China's ten nonferrous metals production up by 2.8% YoY in Jan-Sep 3
2.7 NBS: China's zinc production up by 3.7% YOY in Sept 3
3 Market Movements 3
3.1 Market Movements in China 3
3.1.Asian Metal Copyright3 Tianjin Toho Lead Recycling halts secondary lead ingot output 6 4.Asian Metal Copyright1 Lead ingot 99.994%min 3
3.1.2 Lead concentrate60%min 3
3.1.3 Imported lead concentrate 50%min 4
3.1.Asian Metal Copyright2.Asian Metal Copyright4 Secondary lead ingot 99.994%min 4
3.1.5 Secondary lead ingot 98%min 4
3.1.6 Recycled battery 5
4 Company News 5
4.1 Chifeng Shanjin Silver and Lead sees increased inventory of lead ingot 5
4.2 Yunnan Zhenxing resumes lead ingot output 5
4.3 Tianjin Toho Lead Recycling halts secondary lead ingot output 6
4.4 Xiyu Nonferrous Metals plans to resume lead ingot output 6
4.5 Jinyi Nonferrous Metal would increase secondary lead ingot output 6
4.6 Hebei Songhe Renewable Resources tests production for secondary lead ingot 6
4.7 Yunnan Mengzi resumes lead ingot output 6
5 Producers Statistics 6
5.1 Primary lead producers statistics 6
5.1.Asian Metal Copyright1.Asian Metal Copyright1 China's primary lead producers' operating rate records 60.21% in Oct 2022 6
5.1.Asian Metal Copyright1.Asian Metal Copyright2 China's primary lead producers' output down by 0.52% MOM in Oct 2022 7
5.1.Asian Metal Copyright1.Asian Metal Copyright3 China's primary lead producers' stocks up by 17.42% MOM in Oct 2022 7
5.2 Secondary lead producers statistics 8
5.2.Asian Metal Copyright994%min 4 3.Asian Metal Copyright1 China's secondary lead producers' operating rate records 42.53% in Oct 2022 8
5.2.Asian Metal Copyright3.Asian Metal Copyright2 China's secondary lead producers' output down by 3.13% MOM in Oct 2022 8
5.2.Asian Metal Copyright1 Market Movements in China 3 3.Asian Metal Copyright3 China's secondary lead producers' stocks up by 0.93% MOM in Oct 2022 9
5.3 Lead concentrate producers statistics 9
5.3.Asian Metal Copyright8% YoY in Jan-Sep 3 2.Asian Metal Copyright1 China's lead concentrate producers' operating rate records 46.89% in Oct 2022 9
5.3.Asian Metal Copyright6 Used battery 13 .Asian Metal Copyright2 China's lead concentrate producers' output down by 6.77% MOM in Oct 2022 10
5.3.Asian Metal Copyright1 China's secondary lead producers' operating rate records 42.Asian Metal Copyright3 China's lead concentrate producers' stock down by 56.76% MOM in Oct 2022 10
6 Consumers Statistics 11
6.1 China primary lead producers' consumption volume for lead concentrate down by 2.27% MOM in Oct 2022 11
6.2 China primary lead producers' inventory for lead concentrate down by 0.98% MOM in Oct 2022 11
7 Customs Statistics 12
7.1 China's lead concentrate and ore imports up by 73.94% MOM in Sep 2022 12
8 Market Outlook for Next Month 13
8.1 Lead ingot 99.994%min 13
8.2 Lead concentrate 60%min 13
8.3 Imported lead concentrate 50%min TCs 13
8.4 Secondary lead ingot 99.994%min 13
8.5 Secondary lead ingot 98%min 13
8.6 Used battery 13

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