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[SMM data] China's primary lead output rose 1.58 per cent in June from a month earlier to 269000 tons.
Jul 8,2020 11:33CST
translation
Source:SMM
In June 2020, China's primary lead output was 269000 tons, up 1.58 percent from the previous month and 22.3 percent from the same period last year.
The content below was translated by Tencent automatically for reference.

In June 2020, China's primary lead output was 269000 tons, up 1.58 percent from the previous month and 22.3 percent from the same period last year. Cumulative output rose 1.23% in the first half of 2020 compared with the same period last year.

According to the investigation and understanding, the overall fluctuation range of lead price in June is not big, but in the middle of the month, due to the cumulative pressure of inventory, lead price once approached the Wanshui mark, the profits of smelting enterprises narrowed, and the enthusiasm for production was limited. During this period, Yunnan Chihong entered the routine maintenance, Henan Yuguang was in the state of replacement production line, coupled with the equipment failures of some enterprises, affecting part of the output contribution; and June was in the middle of the year, some enterprises considered the production and sales volume in the first half of the year, there was a mid-year impulse, at the same time, Chifengshan gold, silver and lead recovered after overhaul, and the overall output continued to increase, which was basically in line with the forecast of the previous report. In addition, the output increased significantly in June compared with the same period last year, mainly due to environmental protection. In June 2019, Henan, a major lead-producing province, due to the influence of heavy pollution weather, the local environmental protection department carried out air pollution control work, and large refineries went into overhaul, but this year this factor was basically removed, and the output increased significantly compared with the same period last year.

In addition, looking forward to July, the output of primary lead is expected to show a downward trend. Main reason: in July, Henan Yuguang was still in the state of replacement production line, and the output was further tightened; at the same time, Yunnan Chihong, Hunan Shuikoushan, Jingui and so on entered maintenance, so the overall output decreased. On the other hand, in July, traditional consumption season is expected to boost lead prices one after another, coupled with the lifting of ore import restrictions, imported ore TC rose, and smelting profit repair boosted the production enthusiasm of some refineries. SMM expects primary lead production to drop by about 10,000 tons to 259000 tons in July from the previous month.

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