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Antaike's output report on refined lead in May 2020

2020-06-19 14:47:39

Beijing, June 18 (Antaike)--Antaike’s lead output statistic covers 37 primary lead companies and 33 secondary lead companies, concerning 3.82Mt of primary lead capacity and 3.98Mtpy of secondary lead capacity (5.98Mt of dismantling capacity of waste batteries and 420kt of scrap lead processing capacity). They produced 402kt of refined lead in May, up 3.9% year on year and 11kt month on month, of which primary lead output was 201.4kt, down 3.6% year on year and 5.8% month on month, secondary lead output was 200.6kt, up 12.4% year on year and 13.0% month on month, accounting for 49.9% of the total refined lead output.




Total refined lead was 1.735Mt in Jan-May, down 8.6% year on year, of which primary lead output increased 0.4% but secondary lead output fell 19.5% on a yearly basis, and the proportion of secondary lead was 40.0%.




The tight lead concentrate supply was eased in May. Output from Jiangxi, Guangxi, Liaoning and Guangdong increased, but output from Inner Mongolia, Yunnan, Anhui, Gansu and Henan decreased due to the rising maintenance and higher secondary output from united smelting enterprise. Primary lead output declined by 13kt month on month. Secondary lead output increment was less than expected because output in Guizhou declined on the environmental protection regulation and the low profit depressed utilization rates of small enterprises.




In June, production of major secondary lead smelters was stable and secondary lead output would keep rising. Primary lead output will increase 8kt month on month.




Antaike estimates refined lead output will increase 21kt in June.




Major primary lead smelters had 12kt of inventory in early June, almost unchanged compared with early May.








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