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China Lead Concentrate TCs are Flat, SMM Reports
May 27, 2017 17:17 TCs for Chinese 50% lead concentrate were mainly at 1,500-1,700 yuan per tonne (Pb content) in the week ending May 26.
SHANGHAI, May 27 (SMM) - TCs for Chinese 50% lead concentrate were mainly at 1,500-1,700 yuan per tonne (Pb content) in the week ending May 26, and few low prices were reported, SMM says. Offers of imported concentrate (Pb 60%, Ag < 1,000g) were mainly at $40 per dry metric tonne (DMT).
LME Lead to See Range-Bound Trading, SMM Forecasts
In other news, primary lead smelters reduced domestic lead concentrate purchases on a combination of 2-month production halt and loss-making from high raw material prices. TCs for lead concentrate in Yunnan edged up to 1,600-1,800 yuan per tonne.
Lead-Acid Battery Producers Raise Operating Rates on Improving Orders, SMM Reports
Inventories at ports were low and no inquiries were heard.
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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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