SHANGHAI, Aug. 7 (SMM) – Chinese lead concentrate TCs are expected to be set for growth in near term, Shanghai Metals Market predicts.
50% concentrate TCs quote as high as 2,400 yuan per tonne (Pb content) currently. Buying interest of some lead smelters remains low on account of large inventories and tightness in cash, leaving room open for higher TCs.
Besides, ore suppliers ship out goods as usual with lead prices staying steady, boding well for a growth in TCs again.
Some lead smelters even sell concentrate directly under pressures from tight liquidity, SMM learns.
TCs for domestic concentrate (Pb 50%) quote 2,000-2,100 yuan per tonne (Pb content) this week, versus $175-190 per dry metric tonne for imported concentrate (Pb 60%, Ag < 1,000 g).