[SMM investigation] Refinery production remains stable and the operating rate of primary lead in the three places remains unchanged.

According to the Shanghai Colored Network (SMM) research, this week (October 22-October 26)

The operating rate of SMM primary lead smelter is 57.7% in the three provinces per week, which is unchanged from the same period in the same period, 70.2% in Henan, 43.8% in Yunnan and 43.3% in Hunan. The operating rate of the primary lead smelter is 57.7% in the three provinces, 70.2% in Henan, 43.8% in Yunnan and 43.3% in Hunan.

According to SMM research, smelters in various regions have basically maintained stable production this week, but due to the continued weakening of consumption, coupled with the deep discount of recycled lead prices, the passive accumulation of some primary lead refineries, and the market sentiment is more pessimistic, the shipment sentiment of primary lead smelters is high, and most of them are discounted to go to inventory.

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