SHANGHAI, Jun. 19 (SMM) – Imported lead concentrate profits widen 500 yuan per tonne (Pb content) to about 1,100 yuan per tonne (Pb content) versus Chinese concentrate, Shanghai Metals Market estimated.
Imported lead concentrate thus become more attractive but trouble in securing L/C discouraged some smelters from importing.
TCs for imported concentrate (Pb 60%, Ag < 1,000 g) quoted as high as $ 185 per dry metric tonne, and mainstream TCs held steady at $170-180 per dry metric tonne.
Domestic ore suppliers shipped goods out normally but some smelters showed little buying interest due to tight liquidity, SMM learnt.
Mainstream TCs for domestic concentrate (Pb 50%) were 1,800-2,000 yuan per tonne (Pb content) this week. The TCs are expected to rise in near term because of growing imports and reducing domestic smelters’ purchase.
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