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Hengye Nonferrous Metals resumes secondary lead production

2019-03-21 11:57:08   【Print】
BEIJING (Asian Metal) 21 Mar 19 - Ningxia Lingwu Hengye Nonferrous Metals Smelting and Chemical Co.Asian Metal Copyright Owning three smelting furnaces in total, the company are operating two of them now.Asian Metal Copyright, Ltd.Asian Metal Copyright Owning three smelting furnaces in total, the company are operating two of them now.Asian Metal Copyright restarted secondary lead production in early March, a source from the company told Asian Metal.

The company halted production on 16 February due to lead ingot prices too low and insufficient supply of raw material of waste battery. "We held abundant stocks during the suspension. Meanwhile, lead ingot prices rose, so we resumed production in early March," the source noted, adding that the current price of lead ingot have fallen to around RMB17,000/t (USD2,549/t) again, so they are able to get little profit and mainly consume existing stocks now.Asian Metal Copyright .Asian Metal Copyright The company hold about 1,700t of waste battery in stock now.Asian Metal CopyrightBEIJING Asian Metal 21 Mar 19 - Ningxia Lingwu Hengye Nonferrous Metals Smelting and Chemical Co.Asian Metal Copyright Owning three smelting furnaces in total, the company are operating two of them now.

With an annual capacity of 60,000t for secondary lead, the company produced 500t in February, and expects to see 1,200 in March, holding 100t of stocks now.

Mainstream prices for secondary lead ingot 98%min stood at RMB15,200-15,400/t (USD2,279-2,309/t) Ex- VAT EXW locally on Wednesday, down by RMB50/t (USD7.50/t) from Tuesday.

.Asian Metal Copyright50t from Tuesday.Asian Metal Copyright