2019.06.10 14:10

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<Overview>

Bullion increased 400 tons from the previous month due to a significant hike for Indonesia, raised for three consecutive months, and the export reached a high record since the beginning of 2017.

     
Due to the increase in exports of bullions, illegal battery scraps and increase of primitive bullions production, there is a possibility that new environmental and pollution problems may occur in the future.

 

It is suspected that exports from areas without lead smelters might be an illegal production.

 

 

<Detailed analysis>

It was 1,755 tons as monthly basis, 134.1% month to month, 239.1% year on year, the total sale from Jan to Apr was 4,986 tons, and 323.1% year to year comparison. It obviously shows the increase.

 

for each major area, it also has significantly increased to each major area from the previous year.

 

The total sale from January to April increased 3-5 times over the same period last year, and the export to the top three countries, Korea, Thailand, and Indonesia, was 1,100 tons each. (Table 1, graph 1)

 

It was remained for Taiwan compared with that for other countries, and it was 9.4% April 2018, compared with 37% July 2017. The decrease by 7.3% this month can be denied.
It was zero for Indonesia as of July 2017.

 

The export to Vietnam had been closed for almost a year since July 2017, but it has been skyrocketing since August 2018 (Graph-2).

 

It was 388 million yen on monthly basis, increased 3 months in a row, reached a high record since the beginning of 2017, and the total sale was 1,096 million yen in the 1st to 4th months, almost 2.5 times year to year (Table-2, Graph-3).

 

The average FOB remained 221 yen this month, 222 yen in March.  The price for each destination was around here.

 

The trend is linked to the LME lead market trend, but it doesn’t seem that it follows up and down of LME after the new year (graph 4).

 

 

Quantity by major customs/FOB results
Figures in () are month to month
 
Osaka                   935 tons 222 yen              (744 tons/220)
Nagoya                268 tons 223 yen              (183 tons/219)
Maizuru               484 tons 215 yen              (293 tons/218)
 
*These three customs are busier.

 

 

Quantity by major customs/FOB results

Korea            Osaka               323 tons 215 yen   (293 tons/216)

Taiwan Nagoya              61 tons 219 yen            (40 tons/222)

Vietnam            Osaka                 158 tons 217 yen          (99 tons/219)

Thailand            Osaka 275 tons 246 yen          (242 tons/228)

Indonesia          Maizuru            484 tons 215 yen          (293 tons/218)

                            Nagoya              104 tons 230 yen          ( - )

* Each country has fixed one custom port except for Taiwan, but Nagoya port was added this month for Indonesia.

 

 

<Future trend>

It has been reported that lead exports (HS code 7801.91-000) have skyrocketed since the lead battery scrap to South Korea was suspended due Basel Capital Accord, but new destinations will come or not.

We would like to see it as well as the trend.

 

 

 

 

 

(Translated by Jenny)

 

 

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