Weekly Review of Lead Concentrate Market (February 22, 2025 - February 28, 2025) [SMM Lead Concentrate Weekly Review]

Published: Feb 28, 2025 16:10
[SMM Weekly Review: Weekly Brief on Lead Concentrate Market] As the end of February approaches, there is no expectation of price adjustments for March Pb50TC in the market, and smelters are not expecting a recovery in lead concentrate supply in Q1. This week, silver prices weakened, prompting some smelters to actively inquire and buy the dip. TC for certain high-silver lead ores slightly decreased, but mainstream Pb50TC quotations remained at 500-800 yuan/mt (metal content).

Weekly Review of Lead Concentrates Market (February 22-28, 2025) [SMM Weekly Review on Lead Concentrates]

As the end of February approaches, there is no expectation for adjustments in March Pb50TC. Smelters do not anticipate a recovery in lead concentrate supply for Q1. This week, silver prices weakened, prompting some smelters to actively inquire and buy the dip. TC for certain high-silver lead ores slightly decreased, but mainstream Pb50TC quotations remained at 500-800 yuan/mt (metal content). For imported ores, market transactions remained sluggish this week, with few forward quotations. Low-silver Pb60TC was mainly at -$10/dmt to -$5/dmt, while high-silver lead ores remained at -$30 to -$40/dmt.

Click here to view the SMM Metal Industry Chain Database 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Weekly Review of Lead Concentrate Market (February 22, 2025 - February 28, 2025) [SMM Lead Concentrate Weekly Review] - Shanghai Metals Market (SMM)