Lead concentrate inventory in Lianyungang was zero

As of June 7, 2024, the lead concentrate inventory in Lianyungang was 0.0 mt. According to the SMM survey, the import of lead concentrate turned from loss into profit in May, temporarily opening the import window. However, with the tight supply of overseas lead concentrate, there was no change in the imported lead concentrate TC. Regarding import ore quotes, a trader mentioned that the TC for high-silver lead concentrate had been reduced to $0/dmt with metal content with no expectation of a rebound. The TCs for low-silver imported lead concentrate remained at $20-30/dmt, with no transactions except for a small amount of on-demand procurement and long-term contract deliveries. Entering June, the TCs for high-silver lead concentrate and TCs of silver-containing crude lead in China declined, with some smelters reducing production and adopting a wait-and-see attitude.