SHANGHAI, Sep 27 (SMM) – The average operating rate across primary lead smelters in Henan, Hunan and Yunnan provinces continued to fall this week as intensified anti-smog campaign in Beijing, Tianjin, Hebei, and surrounding areas deterred production in Henan.
An SMM survey indicated that the average run-rate across primary lead smelters in Henan, Hunan and Yunnan fell 1.7 percentage points from the previous week, to 56.7% in the week ending Friday September 27.
Operating rates in Henan slipped 3.3 percentage points week on week to 75.2%. The rates for Yunnan and Hunan, however, remained unchanged at 28.8% and 43.3%, respectively, as local smelters were unaffected by environmental curbs and maintained normal operation.
Mengzi smelter in Yunnan ended maintenance on September 26 and may recover next week.

![미 연준 금리 인상 단행, LME 연·SHFE 연 바닥 다지기 [SMM 연 모닝 브리핑]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
![미 연준 금리 인상 단행, 납 가격 하락 대신 상승; 현물 납 가격 오늘 강보합 안정 전망 [SMM 납 모닝 미팅 요약]](https://imgqn.smm.cn/usercenter/mfCMp20251217171721.jpeg)
