SHANGHAI, Aug. 21 (SMM) – Chinese lead concentrate TCs are predicted to grow further in near term, Shanghai Metals Market reckons.
Currently, TCs for domestic concentrate quote 2,100 yuan per tonne (Pb content). Some lead smelters are inclined to further raise TCs with stocks built previously.
Even so, large ore suppliers keep normal production and still move goods out. Besides, tightness in liquidity encourages mid-sized and small mines to sell as normal. Those factors drive concentrate supply up in market.
TCs for domestic concentrate (Pb 50%) hold largely stable at 2,000-2,100 yuan per tonne (Pb content) this week. Mainstream TCs are $ 175-190 per dry metric tonne for imported material (Pb 60%, Ag < 1,000 g).
Margins from concentrate imports are left unchanged at 1,250 yuan per tonne (Pb content) this week, SMM estimates.
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