SMM, 18 October:
The weekly operating rate of the SMM recycled lead smelter was 49.3% in three provinces this week, up 2.8% from a month earlier, according to Shanghai Colored Network (SMM).
Among them, the operating rate of Jiangsu recycled lead licensed smelter was 58.3%, while that of Anhui recycled lead licensed smelter was 40.0%, both unchanged from last week. Henan recycled lead licensed smelter operating rate was 51.8%, up 11.1% from last week. The rising operating rate was mainly due to Henan Jinyi resuming the operation of two waste battery dismantling lines on Monday.
The strong trend of Wipanlun lead and the low social inventory of superimposed lead ingots pushed the Shanghai period lead to a high level of 17200 yuan / ton. At the same time, the purchase price of waste battery fluctuated very little, the circulation supply of reduced lead market became increasingly abundant, and the price of reduced lead was weak. Therefore, the smelting profit of the recycled refined lead smelter was rich, but the downstream storage enterprises only maintained careful mining on demand. Under the background of high profits and no optimistic expectations for the future, the refined lead refinery was in the background of high profits and no optimistic expectations for the future. Have let profit out of goods, resulting in recycled lead discount continues to expand, as of today, including tax regenerated lead mainstream transaction price to SMM1# lead average price discount 400-600RMB / ton factory.
