[SMM Research: The Import of Lead Concentrate Turned a Loss into a Profit as the Shanghai-London Ratio Widened, Did the Import Window Open?] According to customs data, the import volume of lead concentrate in April 2024 was 90,900 tons in physical terms, with a month-on-month increase of 25.15%, but a year-on-year decrease of 17.74% for the cumulative figure. In terms of trade flow, Russia remained the main importer of lead concentrate in April. According to research, the import of lead concentrate in April was mainly long-term contracts, and the Shanghai-London ratio widened slightly compared with the first quarter. The import loss of lead concentrate narrowed, and in May, the import of lead concentrate gradually turned a loss into a profit.
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