Lead Concentrates Market Weekly Brief (April 6, 2026 - April 10, 2026) [SMM Lead Concentrates Weekly Review]

In April, the supply of lead concentrates in the Chinese market was slightly more relaxed than in March. Smelters reported that price quotes for different grades of lead concentrates varied significantly. After a modest rise in some lead concentrate prices early in the month, prices remained stable this week. Although smelters attempted to negotiate on the silver payable indicator, aside from a slight reduction in the previously increased coefficient for a few silver-bearing lead concentrates with over 2,500 grams of silver per mt in physical content, the prevailing intention among traders and mining enterprises was generally to raise TCs instead of adjusting the payable indicator. As a result, the silver payable indicators for lead concentrates of various silver grades did not show significant changes in the market.