Advance Knowledge: Overview of Secondary Lead Smelting Enterprises' Holiday Arrangements for Chinese New Year [SMM Analysis]

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SMM, Jan 3:

During Dec 2024-Jan 2025, a series of production cuts, suspensions, and recovery plans in China's secondary lead industry significantly impacted market supply and price fluctuations. According to SMM, the following is a detailed analysis of industry dynamics during this period.

First, in December 2024, two enterprises, A and B, in Anhui province reduced production due to production suspensions for maintenance and environmental protection-driven production restrictions, respectively. This indicates that environmental protection policies directly influence production activities in the secondary lead industry. Meanwhile, enterprise C in Jiangxi province resumed production in December, which helped alleviate the tight supply of secondary lead in the market caused by other enterprises' production suspensions to some extent.

Enterprise D in Inner Mongolia suspended production in mid-to-late November due to equipment failure but largely resumed normal production in December. Enterprise E in Shandong province resumed production in late December, but production remained unstable due to environmental protection-related controls caused by heavy pollution weather; on Jan 3, 2025, it decided to suspend production for maintenance. Enterprise F in Jiangsu province suspended production at the end of December, with production expected to resume in early February. Secondary lead smelting enterprises in Jiangxi province began lead production in December after furnace preheating in late November.

Entering January 2025, enterprise A in Zhejiang province is expected to conduct maintenance at month-end, which may temporarily reduce market supply. Enterprise B in Inner Mongolia has expressed intentions for maintenance in January, indicating that the company may perform equipment maintenance at the beginning of the new year to ensure production efficiency and product quality. Enterprise D in Shanxi province also has maintenance plans in January, which may further impact market supply. Small and medium-sized secondary lead smelting enterprises in Jiangsu province plan to suspend production in January, potentially affecting market supply. A large secondary lead smelter in Jiangxi province has expressed intentions for maintenance in late January, indicating adjustments in production plans to align with market demand and internal production conditions. Enterprise H in Guizhou province has a production cut plan in January, maintaining low production during the Chinese New Year holiday without a complete shutdown.