SHANGHAI, Jul. 24 (SMM) – TCs for Chinese lead concentrate are expected to remain stable in near term, Shanghai Metals Market reckons.
TCs for domestic concentrate (Pb 50%) are left stable at 1,900-2,100 yuan per tonne (Pb content) this week. Mainstream TCs for imported concentrate (Pb 60%, Ag < 1,000 g) still stay at $175-190 per dry metric tonne, SMM reports.
Some ore suppliers hold back sales due to weak lead and silver prices. Tightness in liquidity curbs domestic lead smelters’ and traders’ buying interest. Those factors will allow TCs to stay stable in near term.
SMM estimates that profits for imported materials widen 330 yuan per tonne (Pb content) to 1,100 yuan per tonne (Pb content) this week, compared with domestic concentrate.
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