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[SMM survey] the operating rate of the primary lead smelter in September was 63.48%. What is the expected operating rate in October?
Oct 12,2019 17:30CST
translation
Looking forward to October, most of the primary lead smelting enterprises are in a state of recovery. On the one hand, the orange early warning of heavy pollution in Beijing, Tianjin, Hebei and its surrounding areas has been lifted, and the production restriction of smelting enterprises in Henan and other places has ended; on the other hand, for example, Henan Yuguang, Xing'an silver lead, Yunnan Mengzi and other smelting enterprises have finished overhauling. During the period, due to Henan Wanyang and other enter maintenance, but the impact is limited, it is expected that SMM10 month native lead enterprise operating rate rose 2.62% to 66.10% month-on-month.
The content below was translated by Tencent automatically for reference.

SMM, Oct. 12

According to the Shanghai Nonferrous Network (SMM) survey, in September 2019, the operating rate of SMM China's primary lead smelter was 63.48%, down 1.1% from August and up 2.39% from the same period last year. The survey involved 46 enterprises and a production capacity of 4.691 million tons.

According to SMM research, in September, primary lead smelting enterprises recovered after routine maintenance, such as Hechi South, Henan Minshan, Hunan Shuikoushan and other enterprises, and taking into account the increase in lead concentrate processing fees, SMM lead concentrate Pb 50 domestic TC (October) reported to 1900-2100 yuan / metal ton to enhance smelting profit level and stimulate the production enthusiasm of enterprises, and some enterprises resumed after overhaul in August. Production continued to increase in September. During the period, Henan Yuguang, Jiangxi Copper, Yunnan Mengzi and other large and medium-sized enterprises were overhauled, and the output of smelting enterprises still showed a downward trend after offsetting the increase and decrease of production. In addition, at the end of September, due to the launch of orange early warning of heavy pollution in Beijing, Tianjin, Hebei and its surrounding areas, some enterprises in Henan had production restrictions to a certain extent, so the operating rate of primary lead enterprises in September was basically in line with the expectations of the previous report.

The operating rate of large enterprises with an annual capacity of more than 100000 tons increased by 2.59 per cent to 73.16 per cent over the previous month. In September, with the gradual increase of domestic lead concentrate processing fees, enterprise profits have been repaired, such as Hechi South, Hunan Shuikoushan and other smelters have increased month-on-month output.

The operating rate of medium-sized enterprises with an annual capacity of 5-100000 tons decreased by 4.24 per cent to 58.28 per cent compared with the previous month. In September, such as Yunnan Mengzi, Honghe Zhenxing and other smelters began to overhaul, affecting part of the output release.

The operating rate of small enterprises with an annual capacity of less than 50,000 tons decreased by 2.22% to 46.91% compared with the previous month. In September, Shaanxi Dongling lead production line overhaul, affecting a certain output release.

Looking forward to October, most of the primary lead smelting enterprises are in a state of recovery. On the one hand, the orange early warning of heavy pollution in Beijing, Tianjin, Hebei and its surrounding areas has been lifted, and the production restriction of smelting enterprises in Henan and other places has ended; on the other hand, for example, Henan Yuguang, Xing'an silver lead, Yunnan Mengzi and other smelting enterprises have finished overhauling. During the period, due to Henan Wanyang and other enter maintenance, but the impact is limited, it is expected that SMM10 month native lead enterprise operating rate rose 2.62% to 66.10% month-on-month.

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