SMM

SHANGHAI, Aug 9 (SMM) - China produced 342,100 mt of secondary refined lead and alloy in July, up 7.99% on the month and 1.78% on the year. The combined output in January-July increased by 4.38% on the year. Anhui Tianchang officially resumed the production after the overhaul in July, contributing to the major increase in output. In addition, many enterprises slightly increased the production to prepare for the approaching peak season. However, the domestic supply of battery scrap was still tight. Many enterprises increased the inventory of reduced lead and purchased raw materials for restocking. Therefore, the raw material inventory of secondary lead smelters increased by 33,200 mt in July. Meanwhile, due to the power rationing in some areas of Anhui in July, the normal production of some smelters is affected. Due to the longer duration of power rationing in some areas, the output of smelters in these areas decline by about 20-40%, which may become the main factor disrupting the normal production of smelters in August.