Overall TCs Quoted By Lead Smelters Were Still Firm

SHANGHAI, Apr 4 (SMM) - SHFE/LME lead price ratio continued to fall last week, hence the imports of lead concentrate were still in losses. But there were still imported goods arriving at ports, according to SMM research.

In terms of TCs, the TCs of lead concentrate remained at 900-1,200 yuan/mt last week. Although some mines slightly lowered their TCs according to their output, the overall TCs quoted by lead smelters were still firm. The smelters in Henan, Inner Mongolia and other places indicated that most of the mines and dressing plants produced normally after entering April, and thus the supply of lead concentrate in the market has increased. But the supply of lead concentrate with rich content of silver and other metals was tight. Amid the rising silver prices, the TCs offered by some lead and silver mines were slightly lowered. But the supply of pure lead mines was still relatively loose.