Lead Market Report July 2012
2012-08-20 09:02:30 【Print】
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Highlights
◆Chinese lead concentrate supply increases on recovery of lead prices
◆Operation rate of small and medium secondary lead smelters declines as hot weather and rainy days
◆Some lead smelters finish maintenance, lead ingot production increases in July
◆China lead ore/concentrate import data by company in June 2012
◆Top ten Chinese lead ore/concentrate importers June 2012
Catalog
Introduction 4
1．Financial overview 4
1.1 CPI reached the bottom line for the past 24 months in June 4
1.2 PMI in July in China 5
1.3 Nonferrous metal prices rebounded due to stimulating policy expectation 6
2. International market review 6
2.1 Crude oil prices increased with fluctuations in the international market in June 6
2.2 USD index increased slightly in July 7
3. Chinese lead market review 8
3.1 Chinese lead concentrate supply increases on recovery of lead prices 8
3.2 Lead ingot prices creep up slowly in Chinese market in July 9
3.3 Operation rate of small and medium secondary lead smelters declines as hot weather and rainy days 11
3.4 Recycled lead battery market non-balance between supply and demand 13
3.5 The demand of UPS and motor lead acid battery market weak Lead acid battery market moves slowly 15
4. Production Data 16
4.1 Lead Markets In Surplus Of 32KT in Jan-May 2012: ILZSG 16
4.2 Lead production in China 16
4.2.1 China lead concentrate production increases by 27.7% YOY in H1 2012 16
4.2.2 China’s lead ingot production grows by 8.9% in H1 2012 17
4.3 Some lead smelters finish maintenance, lead ingot production increases in July 18
4.4 The operating rates of the biggest secondary lead smelters in China in July 20
5. Lead import and export data in China 21
5.1 Lead import and export data in China by country: 21
5.2 Analysis on lead import & export data 22
5.2.1 China’s refined lead import down by 77.66%MOM in June 2012 22
5.2.2 China’s lead concentrate import down by 42.34% MOM in June 2012 23
5.3 Top ten Chinese lead ore/concentrate importers June 2012 24
5.4 China lead ore/concentrate import data by company in June 2012 24
5.5 Export quantum of lead acid battery decrease Export every price down in Jane 29
6. Company News 30
6.1 Anyang Minshan halts production for maintenance in July 30
6.2 Chihong Zn & Ge’s lead smelter resumes production 31
6.3 Chihong’s new lead smelting project being debugged in Inner Mongolia 31
7．Related Industry Development 32
7.1 China automobile production up by 4.1% YOY in the first half of 2012 32
8. Market Outlook 32
Graph 1: China CPI and PPI in 2011 5
Graph 2: China’s PMI Index in 2011-2012 6
Graph 3: The price of international crude oil in July 7
Graph 4：US Dollar Index in July 2012 8
Graph 6: Lead concentrate 60%min prices in the Chinese spot market in July 2012 9
Graph 7：Lead ingot 99.994%min prices in the Chinese spot market in July2012 10
Graph 8: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in July 2012 12
Graph 9: Secondary lead ingot 98%min prices in the Chinese spot market in July 2012 12
Graph 10: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in July 2012 13
Graph 11: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in July 2012 13
Graph 12: Recycled start-type battery EX-VAT prices in the Chinese spot market in July 2012 14
Graph 13: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in July 2012 15
Graph 14: World Refined Lead Supply and Usage 2007 - 2012: 16
Graph 15 Operating rate for the biggest secondary lead plants in China in July 20
Graph 16: The following table is about the lead import and export data in June 2012 21
Graph 17: Top ten Chinese lead ore/concentrate importers in June 2012 and the import quantities 24
Graph 18：China lead ore/concentrate import data by company in June 2012 24
Graph 19: Export of Chinese lead acid battery in 2011-2012 29
Graph 20: Average export price trend of Chinese lead-acid storage battery in 2011-2012 30
◆Chinese lead concentrate supply increases on recovery of lead prices
◆Operation rate of small and medium secondary lead smelters declines as hot weather and rainy days
◆Some lead smelters finish maintenance, lead ingot production increases in July
◆China lead ore/concentrate import data by company in June 2012
◆Top ten Chinese lead ore/concentrate importers June 2012
Catalog
Introduction 4
1．Financial overview 4
1.1 CPI reached the bottom line for the past 24 months in June 4
1.2 PMI in July in China 5
1.3 Nonferrous metal prices rebounded due to stimulating policy expectation 6
2. International market review 6
2.1 Crude oil prices increased with fluctuations in the international market in June 6
2.2 USD index increased slightly in July 7
3. Chinese lead market review 8
3.1 Chinese lead concentrate supply increases on recovery of lead prices 8
3.2 Lead ingot prices creep up slowly in Chinese market in July 9
3.3 Operation rate of small and medium secondary lead smelters declines as hot weather and rainy days 11
3.4 Recycled lead battery market non-balance between supply and demand 13
3.5 The demand of UPS and motor lead acid battery market weak Lead acid battery market moves slowly 15
4. Production Data 16
4.1 Lead Markets In Surplus Of 32KT in Jan-May 2012: ILZSG 16
4.2 Lead production in China 16
4.2.1 China lead concentrate production increases by 27.7% YOY in H1 2012 16
4.2.2 China’s lead ingot production grows by 8.9% in H1 2012 17
4.3 Some lead smelters finish maintenance, lead ingot production increases in July 18
4.4 The operating rates of the biggest secondary lead smelters in China in July 20
5. Lead import and export data in China 21
5.1 Lead import and export data in China by country: 21
5.2 Analysis on lead import & export data 22
5.2.1 China’s refined lead import down by 77.66%MOM in June 2012 22
5.2.2 China’s lead concentrate import down by 42.34% MOM in June 2012 23
5.3 Top ten Chinese lead ore/concentrate importers June 2012 24
5.4 China lead ore/concentrate import data by company in June 2012 24
5.5 Export quantum of lead acid battery decrease Export every price down in Jane 29
6. Company News 30
6.1 Anyang Minshan halts production for maintenance in July 30
6.2 Chihong Zn & Ge’s lead smelter resumes production 31
6.3 Chihong’s new lead smelting project being debugged in Inner Mongolia 31
7．Related Industry Development 32
7.1 China automobile production up by 4.1% YOY in the first half of 2012 32
8. Market Outlook 32
Graph 1: China CPI and PPI in 2011 5
Graph 2: China’s PMI Index in 2011-2012 6
Graph 3: The price of international crude oil in July 7
Graph 4：US Dollar Index in July 2012 8
Graph 6: Lead concentrate 60%min prices in the Chinese spot market in July 2012 9
Graph 7：Lead ingot 99.994%min prices in the Chinese spot market in July2012 10
Graph 8: Secondary Lead ingot 98%min EX-VAT prices in the Chinese spot market in July 2012 12
Graph 9: Secondary lead ingot 98%min prices in the Chinese spot market in July 2012 12
Graph 10: Secondary lead ingot 99.97%min EX-VAT prices in the Chinese spot market in July 2012 13
Graph 11: Secondary Lead ingot 99.97%min EX-VAT prices in the Chinese spot market in July 2012 13
Graph 12: Recycled start-type battery EX-VAT prices in the Chinese spot market in July 2012 14
Graph 13: Recycled deep cycle battery EX-VAT prices in the Chinese spot market in July 2012 15
Graph 14: World Refined Lead Supply and Usage 2007 - 2012: 16
Graph 15 Operating rate for the biggest secondary lead plants in China in July 20
Graph 16: The following table is about the lead import and export data in June 2012 21
Graph 17: Top ten Chinese lead ore/concentrate importers in June 2012 and the import quantities 24
Graph 18：China lead ore/concentrate import data by company in June 2012 24
Graph 19: Export of Chinese lead acid battery in 2011-2012 29
Graph 20: Average export price trend of Chinese lead-acid storage battery in 2011-2012 30
