This week, domestic smelters continued to report significant discrepancies in lead concentrate quotations in the market. The supply of high-grade lead concentrates (with lead grade above 55%) remained tight, and market quotations stayed stable WoW. Some smelters noted that the slight increase in lead concentrate prices in April was due to sellers slightly raising TCs to replace payable indicator adjustments following the weakening of precious metal prices, and there was no significant easing in lead concentrate supply in the market. This week, lead concentrate TCs across regions remained generally stable, and the rise in sulphuric acid prices did not have a notable impact on lead concentrate TCs. The silver payable indicators for lead concentrates with various silver contents remained firm in the market.
