Annual targets drive primary lead smelters to operate at higher levels in Dec-Shanghai Metals Market

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Annual targets drive primary lead smelters to operate at higher levels in Dec

Data Analysis 10:53:38AM Jan 09, 2019 Source:SMM

SHANGHAI, Jan 9 (SMM) – Operating rates across Chinese primary lead smelters averaged 65.56% in December, up 2.46 percentage points from November and up 5.83 percentage points from December 2017, SMM data showed.

End of maintenance and production targets at the year-end accounted for the increase in operating rate. Rates across plants with annual capacity of 50,000-100,000 mt increased by 5.44 percentage points to 63.95%. Smelters of Henan Qinling and Shandong Hengbang recovered from maintenance, and Jiangxi Copper moved up a gear to meet annual production targets. 

Operating rate across large-sized smelters, with annual capacity above 100,000 mt, lowered 0.45 percentage point month on month in December, to 72.51%, as Henan Yuguang cut production by some 3,000 mt that month. The smelter will return to normal operation in January-February. 

For January, SMM expects operating rate to average 64.43% across Chinese primary lead smelters, down 1.13 percentage point from December, as smelters slow operation after high gears’ work at the end of 2018. 

Annual targets drive primary lead smelters to operate at higher levels in Dec

Data Analysis 10:53:38AM Jan 09, 2019 Source:SMM

SHANGHAI, Jan 9 (SMM) – Operating rates across Chinese primary lead smelters averaged 65.56% in December, up 2.46 percentage points from November and up 5.83 percentage points from December 2017, SMM data showed.

End of maintenance and production targets at the year-end accounted for the increase in operating rate. Rates across plants with annual capacity of 50,000-100,000 mt increased by 5.44 percentage points to 63.95%. Smelters of Henan Qinling and Shandong Hengbang recovered from maintenance, and Jiangxi Copper moved up a gear to meet annual production targets. 

Operating rate across large-sized smelters, with annual capacity above 100,000 mt, lowered 0.45 percentage point month on month in December, to 72.51%, as Henan Yuguang cut production by some 3,000 mt that month. The smelter will return to normal operation in January-February. 

For January, SMM expects operating rate to average 64.43% across Chinese primary lead smelters, down 1.13 percentage point from December, as smelters slow operation after high gears’ work at the end of 2018.