[SMM data] Primary lead production in May 2019 and forecast for June

SMM, June 6 / PRNewswire-Asianet /-

In May 2019, China's primary lead production was 247700 tons, down 3.69 percent from the previous month and 1.12 percent from the same period last year. Primary lead production was 1.2618 million tons from January to May 2019, up 5.4 per cent from a year earlier.

According to the investigation of SMM, in May, the maintenance and recovery of primary lead smelting enterprises were in parallel, such as Yunnan Chihong and so on. At the same time, Hunan Jingui, Yinxing, Chifeng Mountain Gold, Silver and lead entered the maintenance in the middle and late May one after another, increasing less and decreasing more, so the output decreased by nearly 10,000 tons compared with April, basically in line with the expectations of the previous report.

In addition, due to the different months of the Spring Festival holiday, and the production restrictions caused by environmental protection or (blizzard) and other bad weather in the same period last year, the cumulative output growth in the early period (January-April 2019) was relatively high, so the cumulative increase continued from January to May compared with the same period last year.

Looking forward to June, according to SMM, the number of maintenance of primary lead smelting enterprises has increased, such as Hunan Jingui, Chifeng Mountain Gold, Silver and lead, Hechi South, etc. (the maintenance time runs through May and June), others such as Hanzhong Zinc Industry and Western Mining Industry, Shandong Hengbang and so on began to overhaul, because most of the overhauled smelting enterprises are medium and large enterprises, the output has a great impact; In addition, due to the downturn in the lead market and the decline in lead concentrate processing fees, some enterprises have also made seasonal adjustments to production. Taken together, SMM expects primary lead production to fall by about 30, 000 to 217000 tons in June.