SHANGHAI, Apr. 30 (SMM) – Utilization rate at secondary lead producers in Shandong and Inner Mongolia is increasing on price rise, Shanghai Metals Market’s survey shows.
The rate in Shandong now is expected at 50-60%, up significantly from 10%, as growing profits has promoted local secondary lead producers to resume production, SMM says.
In the week starting Apr. 20, the price of secondary lead was up 275 yuan per tonne week-on-week, and during the same period, the price of automobile and E-bike battery scrap was up 75 yuan, and 110 yuan, respectively, according to SMM data.
The earlier low rate was mainly because of environment protection inspections, and many unqualified producers began to restart production because of the larger price gain in secondary lead over raw materials, one local producer told SMM.
SMM learns that there is only one qualified secondary lead producer in Shandong.
Production resumption also reported at secondary lead producers in Inner Mongolia, SMM survey finds.
Two of three surveyed producers in the region have restarted production due to rising prices and unfreezing of raw material in warm weather.
The one, remaining offline, said the environmental pressures are the reason behind its no action.
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