Jinli recovery grows weekly operating rates across secondary lead smelters

Publié: Aug 09, 2019 13:38 (GMT+8)
Operating rates rebounded 3.1 percentage points from the previous week to stand at 56.1% for the week ended Aug 9

SHANGHAI, Aug 9 (SMM) – The average operating rate across licensed smelters of secondary lead in Jiangsu, Anhui and Henan rebounded 3.1 percentage points from the previous week to stand at 56.1% for the week ended August 9, showed an SMM survey.

The rates for Jiangsu and Auhui remained unchanged at 50% and 55.1%, respectively, while that for Henan rose 12.9 percentage points to 69.6% as Jinli recovered to a level of processing 800 mt of battery scrap per day.

Asset restructuring is expected to keep Anyang Jinpeng smelter in Henan from reopening in the short term.

Environmental probes across a raft of regions tightened supplies of secondary lead bullion, and slowed shipments of refined materials. This, together with improved demand for lead-acid batteries, narrowed the discounts of secondary lead.

As of August 9, secondary refined lead was traded in a discount of a maximum of 50 yuan/mt against the average price of SMM 1#, tax included and ex-factory.

Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.

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