China Refined Lead Output Down 6.18% in April-Shanghai Metals Market

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China Refined Lead Output Down 6.18% in April

Data Analysis 01:21:05PM Jun 03, 2013 Source:SMM
SHANGHAI, Jun. 3 (SMM) – Data from the China Nonferrous Metals Industry Association show China’s refined lead output in April fell 6.18% MoM to 396,200 mt. YTD output through April totaled 1.46 million mt, also down 16.79% YoY.
 
China’s primary lead output in April was 298,200 mt, up slightly by 1.82% from March’s 294,400 mt. Output of Henan and Hunan province was 140,000 mt and 115,000 m, respectively, up 2.33% MoM and 11.85% MoM, while output in Yunnan province fell by 21.49% MoM to 40,000 mt. These figures were in line with results from an SMM survey which showed the average operating rate at primary lead smelters increasing from March’s 54.33% to 57.64% in April, and due mainly to the resumption of operations at Yubei Gold & Lead, Anyang Minshan Nonferrous, Yongning Gold & Lead, Jinde Lead Industry, Shaanxi Nonferrous, and Western Mining.
 
China’s secondary lead output in April was 98,000 mt, down sharply by 23.35% from March’s 128,000 mt, and with output declines at the two major production bases of Anhui and Hubei province falling by over 50% MoM. According to the latest SMM survey, the average operating rate at secondary lead smelters was down 7.53 percentage points in April to 45.44% due to firm scrap battery prices and depressed demand downstream. However, since Anhui Huaxin Lead maintained normal production and since Tongguan Nonferrous, the largest primary lead smelter in Anhui province, also reported no production cuts or suspensions, the 50% decline in output in Anhui province is not possible.
 

China Refined Lead Output Down 6.18% in April

Data Analysis 01:21:05PM Jun 03, 2013 Source:SMM
SHANGHAI, Jun. 3 (SMM) – Data from the China Nonferrous Metals Industry Association show China’s refined lead output in April fell 6.18% MoM to 396,200 mt. YTD output through April totaled 1.46 million mt, also down 16.79% YoY.
 
China’s primary lead output in April was 298,200 mt, up slightly by 1.82% from March’s 294,400 mt. Output of Henan and Hunan province was 140,000 mt and 115,000 m, respectively, up 2.33% MoM and 11.85% MoM, while output in Yunnan province fell by 21.49% MoM to 40,000 mt. These figures were in line with results from an SMM survey which showed the average operating rate at primary lead smelters increasing from March’s 54.33% to 57.64% in April, and due mainly to the resumption of operations at Yubei Gold & Lead, Anyang Minshan Nonferrous, Yongning Gold & Lead, Jinde Lead Industry, Shaanxi Nonferrous, and Western Mining.
 
China’s secondary lead output in April was 98,000 mt, down sharply by 23.35% from March’s 128,000 mt, and with output declines at the two major production bases of Anhui and Hubei province falling by over 50% MoM. According to the latest SMM survey, the average operating rate at secondary lead smelters was down 7.53 percentage points in April to 45.44% due to firm scrap battery prices and depressed demand downstream. However, since Anhui Huaxin Lead maintained normal production and since Tongguan Nonferrous, the largest primary lead smelter in Anhui province, also reported no production cuts or suspensions, the 50% decline in output in Anhui province is not possible.