SHANGHAI, Oct 22 (SMM) – The average operating rate across primary lead smelters in Henan, Hunan and Yunnan provinces dropped 1.89 percentage points from the previous week to 50.8% in the week ended October 22, showed an SMM survey.
Henan issued the power rationing notice this week. Jinli, Yuguang, Wanyang, Xinling, and Shibin have adjusted the production schedule to slightly cut the production. Yuguang Gold Lead has started feeding this Friday after the maintenance, and the daily output is expected to be affected by the power rationing. Yuteng in Hunan has received the notice of the second round of power rationing this week, but the refined lead output will not be affected. The output of silver and other by-products declined.
In addition, Xing’an Silver and Lead’s maintenance has completed in September, and the production will recover to normal. Jiangxi Copper has started the maintenance in October, and Jiangxi Jinde plans to conduct maintenance next week.
Chifeng Shanjin has resumed the production this week, but it has not reached the full capacity due to the power rationing.