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Cash Problem Is Major Constraint on China Primary Lead Production in November

Release time:2014-12-18

Dec 17, 2014 09:51 GMT   Source:SMM

 

SHANGHAI, Dec. 17 (SMM) – Although Chinese primary lead smelters resumed operation following the APEC and SOEs ramped up production to meet annual targets, their average operating rate only increased 0.41 percentage point in November, due to tight cash flows, SMM’s latest survey indicates. Operating rate at the 49 Chinese primary lead smelters, with a total capacity of 4.76 million tpy, surveyed by SMM was 65.73% in November. Some mid-sized smelters restarted production after the APEC, and some others, especially state-owned companies, stepped up production to meet production......

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