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Operating Rates Improve at Lead Producers in Yunnan
Jan 8, 2016 09:33Source:SMM
Operating rates at lead producers picked up in Yunnan’s Gejiu who halted operation previously because of profitable lead prices and TCs.
SHANGHAI, Jan. 7 (SMM) – Operating rates at lead producers picked up in Yunnan’s Gejiu because of profitable lead prices and TCs who halted operation previously.
Lead was the best performer in 2015 and SHFE lead posted smallest declined in the last half year of 2015. China’s spot lead prices basically stabilized above 13,000 yuan per tonne. Besides, TCs for domestic lead concentrate climbed higher with the highest prices to factory at 2,700-2,800 yuan per tonne (Pb content).
Mines in Yunan remained idled due to environmental protection crackdowns. But imported ores from Burma and other provinces grew in local market. This eased supply tightness in raw materials there.
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