SHANGHAI, Nov 20 (SMM) ― Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces remained unchanged from the previous week at 61% in the week ended November 20, showed an SMM survey.
The average operating rates in Henan, Hunan and Yunnan stood at 78.4%, 44.8% and 42.3% respectively.
Yunnan Gejiu Chuangyuan returned to normal production this week, and most of the smelters basically kept stable production amid rising lead prices.


![LME Rally Boost Combined with Bulls' Push, SHFE Lead Closed with a Small Bullish Candlestick Intraday [Lead Futures Brief]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
![[SMM Analysis] After Sulfur Breaks Through $1,200: How Far Is the Ceiling?](https://imgqn.smm.cn/usercenter/Dtcte20251217171710.jpg)
