The output of secondary lead in September 2023 was 458,200 mt, an increase of 9.91% from August and up 42.34% year on year.The cumulative output of secondary lead from January to September 2023 was 3.3645 million mt, an increase of 7.81% year on year. In September 2023, the output of secondary refined lead was 401,900 mt, an increase of 12.01% from August, and a growth of 35.46% year on year; from January to September 2023, the cumulative output of secondary refined lead was 2.93 million mt, an increase of 7.47% year on year.
According to SMM survey, many secondary lead smelters increased production in September; secondary lead companies whose output declined due to routine maintenance and equipment failures in August basically recovered in September; some secondary lead smelters that had been suspended for a long time resumed production, and newly-built production capacity was commissioned. Although some companies in Anhui, Henan and other regions reduced production during the month due to raw material shortages, environmental protection-related control during the Asian Games and equipment failures, the increase in production in September was still in line with expectations.
Entering October, the newly built refined lead capacity of a smelter in Shanxi gradually stabilised after being put into operation, and a large smelter in Jiangxi contributed more output growth after resuming production. Although some medium and large smelters have maintenance plans, secondary lead production may still increase in October. SMM expects China's secondary refined lead output to stand at around 420,800 mt in October.

![SHFE timbal turun tipis 0,03% dengan bayangan atas panjang, konsolidasi di level tinggi tetap utuh [Komentar Singkat Futures Timbal]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)

