SMM11, November 29: according to SMM (SMM) research, this week (November 25-November 29)
The operating rate of SMM primary lead smelter is 57.9%, which is 0.4% lower than that of Henan primary lead smelter, that of Henan primary lead smelter is 71.3%, that of Yunnan primary lead smelter is 43.8%, and that of Hunan primary lead smelter is 44.3%, which is 1.2% lower than that of Hunan primary lead smelter.
The decline in Hunan's operating rate this week is due to the fact that some companies have begun to adjust their production plans, resulting in a month-on-month decline in production, and lead ingot production is expected to maintain this week's production levels into December. In addition, on November 29, Henan orange early warning, Henan part of the refinery rough production limit 20-30%, but because the crude lead raw material inventory is still sufficient, the actual impact of electrolytic lead production is limited.
According to SMM research, regional processing fees may be further raised, smelter profits higher, or stimulate refinery year-end impulse, supply pressure is expected to be greater in December.
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