SHANGHAI, Nov 9 (SMM) — SMM data showed that China produced 264,000 mt of primary lead in October, down 1.4% from September, but up 1.15% from a year ago. For January-October, output increased 4.38% from the same period last year.
SMM survey showed that Haicheng Chengxin and small and medium-sized enterprises in Henan and Yunnan undertook maintenance due to equipment failure in October, while Western Mining and Zhongjin Lingnan resumed production. In addition, the small factories in Xinjiang resumed production after nearly half a year's maintenance. The overall output decreased slightly from the previous month, meeting the expectations of the previous report.
Smelters in maintenance last month will resume production one after another, such as Haicheng Chengxin, Western Mining and Yongning Gold and Lead, as well as small factories in Yunnan. Although the small smelters in Xinjiang stopped production again due to pandemic prevention and control, and some smelters in Hunan were still in a state of production suspension, the impact on the output was small, and the primary lead output still showed an upward trend in November.
SMM expects China's primary lead output to reach 282,000 mt in November.
