Chinese lead concentrate market flat
2014-05-28 10:30:05 [Print]
BEIJING (Asian Metal) 28 May 14 - With lead ingot prices lingering at around RMB13,900-14,000/t (USD2,279-2,295/t), Chinese lead concentrate market remains flat these days. As some suppliers express low interest in selling lead concentrate due to the low lead and silver prices, supply of lead concentrate remains limited on the Chinese spot market.
A source from a Yunnan-based trading company reported that they have not concluded any deals this week, as the lead concentrate supply is limited on the spot market. “As lead and silver prices are too low, some mines are reluctant to sell lead concentrate, leading to the shortage of the material on the spot market,” said the source.
The supplier offered lead concentrate 60%min at RMB12,100-12,200/metal tonne (USD1,984-2,000/metal tonne) ex works these days, unchanged compared with last week.
The supplier holds 200t of the material on hand and may continue to watch the market in the near term. “Although the demand for the material remains very strong, I have no plan to build more inventories, as the lead prices may lack momentum to rise in the near term,” said the source.
A source from a Hunan-based trading company reported that as the current lead ingot market appears stable, lead concentrate market is also unchanged.
The source said that current prices for lead concentrate 60%min prevailed at around RMB12,200-12,300/metal tonne (USD2,000-2,016/metal tonne) on the local spot market, unchanged compared with late last week.
The source said that as the lead concentrate import volumes are limited in China, there is a large deficit in lead concentrate supply. There may be no great improvement for the supply of lead concentrate in the near term.
Lead Conc. TC 50%min CIF China
Unit:USD/mt
China lead concentrate producers' output statistics by province by month
Unit:
