In April, the supply of lead concentrates in the Chinese market was slightly looser compared to March. Smelters indicated that quotations for lead concentrates of different qualities varied significantly in the market. After some lead concentrate prices saw slight increases at the beginning of the month, lead concentrate prices remained stable this week. Although smelters attempted to negotiate on the silver payable indicator, apart from a few cases where silver-bearing lead concentrates with silver content above 2,500 grams per mt in physical content saw slight reductions in the previously raised coefficients, traders and mine enterprises generally preferred to raise TCs instead of adjusting the payable indicator. As a result, the silver payable indicators for lead concentrates with various silver contents in the market did not show significant changes.
