Weekly Review of the Lead Concentrate Market (March 22, 2025 - March 28, 2025) [SMM Lead Concentrate Weekly Review]

게시됨: Mar 28, 2025 11:12
【SMM Weekly Review: Lead Concentrate Market Weekly Brief (March 22, 2025 - March 28, 2025)】Approaching the month-end of March, domestic lead concentrate supply gradually recovered. The strengthening prices of precious metals increased mine profits, prompting some silver-lead-zinc miners to slightly raise their Pb50TC by 100 yuan/mt (metal content). However, smelters indicated that mainstream low-silver lead mines did not increase their Pb50TC quotes. Lead smelters still maintained high demand for the recovery of valuable metals such as silver, copper, and zinc.
Approaching month-end, domestic lead concentrate supply gradually recovered. The strengthening prices of precious metals boosted mine profits, prompting some silver-lead-zinc miners to slightly increase their Pb50TC by 100 yuan/mt (metal content). However, smelters indicated that mainstream low-to-moderate silver lead ores did not raise Pb50TC quotes. Due to smelters' continued high demand for the recovery of valuable metals such as silver, copper, and zinc, a small number of traders further reduced the starting prices for copper and zinc. On the imported ore front, smelters reported that previously ordered imported ore contracts were delivered to ports as scheduled, with current supply maintaining moderate stability. However, imported ore supply is expected to tighten again in Q1 2025, with overseas silver-lead ore tender and bid Pb60TC quotes mainly ranging from -30 to -60 $/dmt. Smelter purchase intentions remain extremely low, market transactions are sluggish, and the expectation for future imported ore arrivals is declining. Click to view the SMM metal industry chain database.

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