SHANGHAI, July 11 (SMM) - China produced 254,100 mt of refined lead in June, up 2.14% MoM and down 10.15% YoY. The combined output in January-June declined by 3.42% on the year. Production capacities of enterprises involved in the survey totalled 5.711 million mt in 2022.
According to the survey, the refined lead smelters experienced both production increase and decrease in June. Although Chifeng Shanjin, Anhui Tongguan, Yunnan Mengzi and other enterprises were under the maintenance in June, the smelters that resumed from the maintenance increased the production greatly. The major deliverable brand in Henan such as Hunan Jingui, Chihong Zn & Ge Co., etc. resumed after the maintenance. In addition, Zhongjin Lingnan's new plant increased the production in June after it was put into operation, hence the output of refined lead increased as scheduled.
In July, the output of refined lead is expected to increase further, mainly because of the new capacity and the production resumption. The capacity further increases after the completion of the technological transformation in Henan Wanyang. The output continues to increase after Zhongjin Lingnan’s new plant has been put into operation. At the same time, Anhui Tongguan, Chifeng Shanjin, Yongning Gold and Lead and other smelters have resumed from the maintenance. On the whole, the medium and large-sized smelters increase the production more in July, hence SMM expects that the output of refined lead in July will rise greatly to 280,000 mt from the previous month.
