Secondary Refined Lead Smelters Suffered Serious Losses, and They were Reluctant to Sell

SHANGHAI, Sep 26 (SMM) - The prices of secondary refined lead and SHFE lead prices remained low last week, but according to some companies, the costs of smelters declined slightly as the prices of battery scrap fell. Therefore, the losses of most smelters narrowed to 100-200 yuan/mt compared with a week ago. Some smelters even stood around the break-even point. However, as lead price remained low and fluctuated, more smelters reduced the production. According to the research, the total output cut of three secondary refined lead smelters that reduced the production last week stood at about 350 mt/day. In addition, some smelters also planned to suspend the production for maintenance in the near future.