China Lead Concentrate TCs to Stabilize despite Waning Price Edge of Imports-Shanghai Metals Market

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China Lead Concentrate TCs to Stabilize despite Waning Price Edge of Imports

SMM Insight 10:17:16AM Dec 11, 2015 Source:SMM

SHANGHAI, Dec. 11 (SMM) – Given sufficient inventories at lead smelters, TCs for Chinese 50% lead concentrate will be set for stability in the near future despite waning price edge of imports and growing output cut at domestic mines, SMM predicts. 

Profits for imported materials fell 190 yuan per tonne (Pb content) from last week to 300 yuan per tonne (Pb content) in this past week above domestic concentrate. Price advantage of imported materials already faded away when price offers at $ 140-150 per dry metric tonne for imports.

Mines in Tibet will all shut down mid-late December due to winter cold. Also, purchase for domestic concentrate reduces in Guangxi because of relocation of Hechi Nanfang Non-ferrous Metals Group. Consequently, some concentrate there is sold to Yunnan and Hunan.

TCs for Chinese 50% lead concentrate were steady at 2,500-2,800 yuan per tonne (Pb content) this week. And TCs for imported concentrate (Pb 60%, Ag < 1,000 g) were mainly at $ 160-170 per dry metric tonne with some offers as low as $ 140-150 per dry metric tonne.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

China Lead Concentrate TCs to Stabilize despite Waning Price Edge of Imports

SMM Insight 10:17:16AM Dec 11, 2015 Source:SMM

SHANGHAI, Dec. 11 (SMM) – Given sufficient inventories at lead smelters, TCs for Chinese 50% lead concentrate will be set for stability in the near future despite waning price edge of imports and growing output cut at domestic mines, SMM predicts. 

Profits for imported materials fell 190 yuan per tonne (Pb content) from last week to 300 yuan per tonne (Pb content) in this past week above domestic concentrate. Price advantage of imported materials already faded away when price offers at $ 140-150 per dry metric tonne for imports.

Mines in Tibet will all shut down mid-late December due to winter cold. Also, purchase for domestic concentrate reduces in Guangxi because of relocation of Hechi Nanfang Non-ferrous Metals Group. Consequently, some concentrate there is sold to Yunnan and Hunan.

TCs for Chinese 50% lead concentrate were steady at 2,500-2,800 yuan per tonne (Pb content) this week. And TCs for imported concentrate (Pb 60%, Ag < 1,000 g) were mainly at $ 160-170 per dry metric tonne with some offers as low as $ 140-150 per dry metric tonne.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.