Lead Concentrate TCs Flat Last Week, Transactions Were Limited amid High Stocks at Smelters

SHANGHAI, Aug 25 (SMM) - Lead concentrate TCs were flat last week. The concentrate stocks at some plants were high due to the power curtailment, and the transactions of TCs were limited despite the high quotations.

Some mines in Chifeng and other regions in Inner Mongolia delayed the work resumption due to the stricter safety inspections after the accident in a lead smelter of Chihong Zn & Ge Co. (Hulunbuir).

The mainstream quotations of TCs for domestic lead concentrate were between 1,000-1,300 yuan/mt. The quotations of the mines in south China were generally lower than 1,000 yuan/mt, but the transactions in this region were limited, and the mines may reduce production due to lower profits this week.

The overall domestic lead concentrate supply remained tight, and the replenishment of imported concentrate was low. TCs for lead concentrate are expected to remain low in September, but the decline may be slight.