Lead Concentrate TCs Fell after Stabilising for Five Months

Published: Mar 15, 2023 16:51

Source: SMM

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The output of domestic lead concentrate decreased due to the CNY holiday in February and the cold weather in high-altitude areas. In March, the Two Sessions (NPC and CPPCC) and the five-month mine safety rectifications in some regions represented by Inner Mongolia will limit the growth in lead concentrate output.

SHANGHAI, Mar 15 (SMM) – The output of domestic lead concentrate decreased due to the CNY holiday in February and the cold weather in high-altitude areas. In March, the Two Sessions (NPC and CPPCC) and the five-month mine safety rectifications in some regions represented by Inner Mongolia will limit the growth in lead concentrate output.

Meanwhile, the closed import window has prevented large inflows of imported lead concentrate. As such, lead concentrate TCs fell again after a five-month plateau.

The latest SMM TCs of domestic Pb 50% lead concentrate stood at 1,000-1,300 yuan/mt in metal content, down 50 yuan/mt in metal content from a month earlier; imported lead concentrate TCs stood at $40-60/dmt, down $5/dmt.

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