SMM

The domestic supply of lead concentrates remains tight, and the imported ore market is still dominated by seller quotes. Although there was an increase in tender and bid quotes for overseas silver mines in late May, lead smelters were unable to accept these silver mines due to insufficient supply of lead concentrates and crude lead required for ore blending. After the price adjustment of imported ore pb60TC, the market showed a situation where prices were quoted but there were few transactions. In the domestic market, the high operating rates of smelters have widened the demand gap for lead concentrates. Smelters in Hunan, Inner Mongolia, Henan, and other regions have all mentioned that the trend for lead concentrate TCs is more likely to fall than rise. Given the expected insufficient supply of imported ore, combined with the recent tight supply of other lead-bearing materials and crude lead, lead concentrate TCs are likely to remain at a low level in the short term.

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