Shanghai-London Lead Price Ratio Stagnant, Import Window Shut, Long-Term Contracts Drive Ore Trading with Potential TC Hikes

Publicado: Sep 18, 2024 09:33
Before the holiday, the Shanghai-London lead price ratio was in a sideways consolidation, and the import window remained closed. The theoretical profit and loss of imported lead concentrate showed an expanded loss. At present, the trading of imported ore mainly relies on long-term contracts, and the quotation of Pb60TC bulk cargo is scarce. In addition, some traders who previously obtained profits after completing the purchase price settlement during the opening period of the import window mentioned that the TC quotation of lead concentrate for the imported lead ore transported to Henan, Inner Mongolia, and Huangpu Port for self-pickup in September could be slightly increased through negotiation.

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