SHANGHAI, Aug 13 (SMM) - Operating rates across licensed smelters of secondary lead in Jiangsu, Anhui, Henan and Guizhou averaged 61.18% in the week ended August 13, down 3.32 percentage points from the previous week, showed an SMM survey.
The shipments of some smelters in Anhui was impeded due to the pandemic control, and the production declined amid higher inventories.
Jinli’s dismantling line was restricted amid strengthened power curtailment in Henan, and the production was reduced. Ahui Dadao resumed production as planned, and Guizhou Huoqilin increased production, but the overall operating rates steel went down.
The impact of pandemic and power curtailment is hard to be alleviated next week. However, Guizhou Huoqilin is expected to further increase production after the commissioning, and the operating rates may rebound slightly.