The domestic supply of lead concentrates remains tight, with scarce forward quotes for spot orders of imported ore. Smelters have shown low purchasing interest in imported high-silver lead ore with Pb60TC quoted at below -$30/dmt. It is expected that lead concentrates arriving at ports in the future will still be dominated by long-term orders. Some smelters in regions such as Hunan and Inner Mongolia in China have mentioned that there may be a downward adjustment in the price negotiations for lead concentrates by the end of May. This week, there has been no significant change in the domestic TCs for lead concentrates.

![SMM February 13 EV Battery Market Summary [SMM Evening News]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![Pre-Holiday Trading Atmosphere Sluggish, SHFE Lead Records Doji [Lead Futures Brief Review]](https://imgqn.smm.cn/usercenter/PKFMX20251217171721.jpg)