[SMM investigation] the stable weekly operating rate of primary lead refineries in three places is unchanged.

SMM7, 19 July: according to the (SMM) survey of SMM, this week (July 15-July 19)

The operating rate of SMM primary lead smelter in three provinces is 55.9%, Henan primary smelter is 68.4%, Yunnan primary smelter is 42.3%, Hunan primary lead smelter is 43.4%. The operating rate of primary lead smelter is 55.9% in Zhou du three provinces, 68.4% in Henan primary smelter, 42.3% in Yunnan primary lead smelter and 43.4% in Hunan primary lead smelter.

Although the production of refineries in Henan, Yunnan, Hunan and other areas is stable this week, the maintenance refineries in other areas are in the process of resuming production one after another. In addition, Henan Minshan is scheduled to resume production around July 20, and Henan Yuguang is scheduled to resume production around July 26. Refineries that do not have a maintenance plan for the current period. The lead price has continued to rise recently, but the purchasing mood of downstream storage enterprises has been obviously cautious. In addition, most of the procurement is dominated by traders, whose purchasing intention is mainly to do current arbitrage, and terminal consumption has not improved for the time being. Therefore, in this round of rally, the promotion of fundamentals can basically be said to be none. More rising factors are driven by the intervention of funds and the external market, and the future market is cautiously bullish. Focus on LME lead (0-3) structural changes and the trend of macro interest rates.

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