Lead concentrate inventory in Lianyungang

As of April 26, 2024, lead concentrate inventory in Lianyungang stood at 1,000 mt.

According to SMM survey, there is no expectation of increase in overseas lead ore supply. The mines that cut output previously are not expected to recover. The decline in imported ore supply has continued to affect the supply of lead concentrate market. A trader said that the market is still paying close attention to the spot quotes of lead ore at ports. But trades were muted. Imported lead concentrate TCs are $20-30/dmt with silver content lower than 200 g/mt. In May, TCs of high-silver lead ore and RCs of silver-containing crude lead stabilised briefly. However, some traders adjusted the silver pricing coefficient or starting pricing for other precious metals. Some smelters said that there has been no significant change in the TCs for low-silver lead ore and the pricing of other metals. The actual trades of low-silver lead ore were relatively quiet amid continued losses in lead metal smelting.