China Refined Lead Exports Down 64.03% in 2012

SHANGHAI, Jan. 28 (SMM) – According to China Customs, China’s refined lead exports during December were 445, almost doubling November’s 209 mt. SMM attributes this growth to the oversupply of domestic refined lead and shortages of lead overseas, as well as a falling Shanghai/LME lead price ratio. A total of 2,204 mt of refined lead was exported from China during 2012, but this figure was down almost 64.03% YoY. The vast majority of exports, or 84%, were shipped to Taiwan (China), with the remainder to India and Vietnam.