Ignition Battery Producers Show Divergent Operation Conditions, SMM Reports

Published: Aug 22, 2017 16:42

Save

Ignition battery producers in Zhejiang cut output to 60-70%, and those in Hubei held operating rate at around 80%, while battery producers in Hebei were operational fully.

SHANGHAI, Aug. 22 (SMM) – In Zhejiang, distributors purchased based on orders, resulting in modest demand. But, local ignition battery producers reduced operating rates to 60-70% due to environmental checks.

Lead Spot Transaction Improves after Price Drops, SMM Reports

End-user demand in ignition battery market in Hubei was sluggish, and distributors were wary of stock-building. Local battery producers held operating rates at around 80%, and purchased lead based on orders.

ILZSG: Global Lead Supply Deficit Narrows in June

However, battery producers in Hebei were operational fully as improving end-user demand increased orders. Those producers bought lead mainly under term contracts.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

SHFE lead LME lead lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

59 mins ago

Supply and Demand Both Wait and See, Scrap Battery Market Maintains Fluctuating Trend

59 mins ago

1 hour ago

Secondary Lead: Widening Divergence in Purchase and Sales Expectations, Secondary Refined Lead Market Transactions Weak [SMM Lead Daily Review]

1 hour ago

3 hours ago

Maronan Advances Queensland Silver-Lead Project Toward PFS as Infill Drilling Progresses

Maronan Metals said its Northwest Queensland silver-lead-copper-gold project is progressing from a Scoping Study toward a pre-feasibility study. The Scoping Study covered less than 25% of the global resource in the Starter Zone and outlined a 1.2 Mtpa operation with a 10-year mine life and approximately A$260 million of capital expenditure. It generated an NPV8 of A$377 million at a silver price of A$36/oz. The company estimates project NPV at about A$750 million at current spot silver prices, but this remains a company estimate subject to further resource definition, engineering and permitting. A 40,000 m infill drilling program is nearly 25% complete, with about 10,000 m drilled. Maronan expects a resource update before the end of the financial year, followed by a PFS and its first ore reserve around the middle of next year. Metallurgical test work has returned lead and silver recoveries above 90%, with lead concentrate grading above 70% lead and containing at least 1,500 g/t silver. An exploration decline has been permitted, while the planned mining-lease application is targeted for year-end; the decline development itself is not yet fully funded.

3 hours ago