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[SMM data] National native lead production was 240000 tons in March, up 11.94 percent from the previous month.
Apr 8,2020 14:56CST
translation
Source:SMM
In March 2020, the national output of primary lead was 240000 tons, up 11.94 percent from the previous month and down 7.03 percent from the same period last year. Cumulative production fell 6.13% from January to March compared with the same period last year.
The content below was translated by Tencent automatically for reference.

In March 2020, the national output of primary lead was 240000 tons, up 11.94 percent from the previous month and down 7.03 percent from the same period last year. Cumulative production fell 6.13% from January to March compared with the same period last year.

According to research, the impact of the Spring Festival in March basically ended, at the same time, with the effective control of the domestic epidemic, some small and medium-sized smelting enterprises have resumed work one after another, such as Hunan Yuteng, Yunnan Zhenxing, Henan Yuguang, and so on, and the overall output has increased significantly. During the period, the western mining industry, Inner Mongolia Xingan silver lead and other maintenance conditions, offset some of the increase in production, the overall output increase in March is basically in line with expectations.

Looking forward to April, in addition to a small number of smelting enterprises in the presence of small maintenance, other primary lead enterprises basically maintained normal, coupled with the completion of maintenance in March, the enterprises have recovered one after another, the overall output continued to increase month-on-month. In addition, considering the escalation of the overseas epidemic situation, the mine import is blocked, and the domestic seasonal factors, such as Inner Mongolia and other high-altitude mines have not yet resumed work, resulting in a tight supply of domestic lead concentrate and a decline in lead processing fees. The Pb50 processing fee of SMM4 monthly lead concentrate (domestic) is reported to be 2000-2400 yuan / metal ton, down 200 yuan / metal ton compared with March, and the imported Pb60TC is reported to be US $140-160 / dry ton, down US $20 / dry ton compared with March. If the mine supply continues to tighten, it is not ruled out that it may have an impact on the production of electrolytic lead smelting enterprises. SMM expects primary lead production to rise to 257000 tonnes in April on a month-on-month basis.

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