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MYMETAL: Fast recovery in lead supply weighs on prices

China’s domestic lead supply saw a quick recovery over the February 23-March 1 week after the Chinese New Year holiday slowdown the week before, according to the latest survey from Mymetal, Mysteel’s nonferrous metals data collection arm. The loosening of supply partially weighed on lead prices, survey respondents admitted, especially when demand among end-users has shown no substantial improvement of late.
Over February 22-28, output among the 20 primary refined lead makers Mymetal tracks grew further to 45,700 tonnes, up 1,100 tonnes or 2.5% on week, according to the latest data. Over the same period, output among the 30 secondary refined lead smelters Mymetal follows had climbed further too, rising to 36,180 tonnes, up by

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