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Operating Rate at China’s Primary Lead Smelters Down to 58.39% in December 2014

Release time:2015-01-16

Jan 16, 2015 06:33 GMT   Source:SMM

 

SHANGHAI, Jan. 16 (SMM) – The average operating rate at major Chinese primary lead smelters fell by 7.34 percentage points on the month to 58.39% in December 2014, SMM’s latest survey indicates. Spot lead prices fell to their 2014 low at 12,575 yuan ($2,053) per tonne in December on slumping SHFE lead. Lead smelters in Henan announced output cuts by 15% to 30% in response to depressed prices, resulting in a marked fall in the average operating rate. Total lead output at Henan’s smelters decreased by nearly 5% from November SMM research shows. In other n......

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