Secondary Lead Output in February was in Line with Expectations

SHANGHAI, Mar 9 (SMM) - SMM data showed that China produced 316,800 mt of secondary lead in February, up 2.23% MoM but down 1.09% YoY. For January-February, the combined output fell 6.24% from the same period last year to 626,700 mt. China produced 280,400 mt of secondary refined lead in February, up 1.82% MoM but down 0.47% YoY. For January-February, the combined output fell 9.15% YoY to 555,900 mt.

Domestic secondary refined lead output in February was in line with previous expectations, but it did not recover rapidly after the Chinese New Year as several large factories in Shandong, Hebei and Xinjiang either reduced or stopped the production due to technological upgrading and equipment failure. At the same time, many enterprises, including Zhejiang Tianneng, Guangxi Zhenyu, Anhui Chaowei, Tongliao Taiding, and Guangdong Xinyu, resumed the production in February, which brought about some output increase. However, the output in February was generally stable, failing to recover rapidly.