Weekly Review of the Lead Concentrate Market (February 8, 2025 - February 14, 2025) [SMM Lead Concentrate Weekly Review]
In early February, lead concentrate market quotations showed relatively small changes compared to January, with overall market inquiries and transactions remaining subdued. Lead smelters hold a pessimistic outlook on the supply of silver-bearing lead ore in 2025, with pb60TC quotations still mainly ranging from -$30 to -$10/dmt. A few high-grade lead concentrates showed signs of processing fee reductions. This week, silver prices hovered at highs. Except for minor adjustments to the silver pricing coefficient for high-silver lead ore in Inner Mongolia, most smelters have not adjusted the silver pricing coefficient. Market sentiment remains cautious, and no adjustments are expected for pb50TC and pb60TC in the short term.
