China June Pb Imports and Exports Data Analysis -Shanghai Metals Market

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China June Pb Imports and Exports Data Analysis

Data Analysis 10:59:24AM Jul 26, 2010 Source:SMM

SHANGHAI, July 26 (SMM) - 

Lead Concentrate
According to China Customs, China’s imports of lead concentrate were 120.4 kt in June, up 46.83% MoM.  YTD imports were 604.4 kt, down 15.14% YoY.  Import volumes of lead concentrate in June were the largest monthly import of 2010, a result of sharp price declines for LME lead in May and June creating strong import opportunities for domestic lead producers.  Peru, the US, and Australia were the top three suppliers in June. The US took some market share from Peru during May, with imports from those two countries accounting for nearly 50% of total imports. 

Refined Lead
According to China Customs, China’s imports of refined lead were 1,638 mt in June, down 47.90% MoM.  YTD imports were 8,097 mt, down 93.65% YoY.  China’s exports of refined lead were 825 mt in June, down 38.2%.  YTD exports were 11,395 mt, up 36.44% YoY.  China remained a net importer of lead in June.  Although the domestic/LME lead price ratio in late May and early June was briefly favorable for imports, China’s lead imports were relatively unchanged.  SMM believes the risk of imports without any lead futures market in China and low demand are to blame for the low import activity.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

China June Pb Imports and Exports Data Analysis

Data Analysis 10:59:24AM Jul 26, 2010 Source:SMM

SHANGHAI, July 26 (SMM) - 

Lead Concentrate
According to China Customs, China’s imports of lead concentrate were 120.4 kt in June, up 46.83% MoM.  YTD imports were 604.4 kt, down 15.14% YoY.  Import volumes of lead concentrate in June were the largest monthly import of 2010, a result of sharp price declines for LME lead in May and June creating strong import opportunities for domestic lead producers.  Peru, the US, and Australia were the top three suppliers in June. The US took some market share from Peru during May, with imports from those two countries accounting for nearly 50% of total imports. 

Refined Lead
According to China Customs, China’s imports of refined lead were 1,638 mt in June, down 47.90% MoM.  YTD imports were 8,097 mt, down 93.65% YoY.  China’s exports of refined lead were 825 mt in June, down 38.2%.  YTD exports were 11,395 mt, up 36.44% YoY.  China remained a net importer of lead in June.  Although the domestic/LME lead price ratio in late May and early June was briefly favorable for imports, China’s lead imports were relatively unchanged.  SMM believes the risk of imports without any lead futures market in China and low demand are to blame for the low import activity.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn