MYMETAL: China secondary lead output down, margin thin
Oct 27, 2020 14:30
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Some China’s domestic smelters of secondary refined lead have been trimming output in response to the thin margins or even lossmaking, Mymetal, Mysteel’s nonferrous market data collection arm, noted from its latest weekly survey.
Over October 19-25, the total output among the 30 secondary refined lead smelters across China dipped for the second week by 2,520 tonnes or 4.9% on week to 48,940 tonnes in total.
“Some secondary refined lead producers in Henan, Hubei (Central China), Jiangxi (East China) and Guangdong (South China) have slashed