SHANGHAI, Jul. 10 (SMM) - China’s primary lead output totaled 231,873 tonnes in June, down 0.35% MoM and 5.31% MoM, SMM learned.
In June, some primary lead smelters resumed output, but contributed limited output. Moreover, many primary lead smelters reported falling output month-on-month, including Henan Yuguang Gold & Lead, Henan Jinli Gold & Lead Group and Hunan Shuikoushan Nonferrous Metals Group, due to environmental factors and insufficient raw material supply. As such, primary lead output dropped in June from May’s level.
Output at Henan Yuguang Gold & Lead will reduce 10,000 tonnes in July because of 35-day maintenance, and no maintenance plans heard from other smelters, which will have stable production in the month. Downstream battery producers will hold normal operation in response to peak season in July, increasing raw material demand.
SMM expects primary lead output will edge down in July on a monthly basis.
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