SHANGHAI, Jun. 19 (SMM) - TCs for lead concentrate will edge up as Primary lead smelters will hold output cut halt before late June, SMM forecasts.
Last week, TCs for Chinese 50% lead concentrate were flat at 1,600-1,800 yuan per tonne (Pb content) on a weekly basis. Offers of imported concentrate (Pb 60%, Ag < 1,000g) were mainly at $40 per dry metric tonne (DMT). Some primary lead smelters in Henan and Guangxi remained offline due to maintenance and reported low domestic lead concentrate demand.
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