Lead concentrate market remains active
2014-09-18 12:32:04 [Print]
BEIJING (Asian Metal) 18 Sep 14 - Lead ingot prices were softening during the recent two weeks, due to the strong performance of US Dollar and the weak fundamentals in Chinese lead ingot market. However, the trading on the Chinese lead concentrate market remained very active.
A source from a Hunan-based trading company reported that the trading remained very active on the lead concentrate market, due to the strong demand from lead smelters. However, as lead ingot prices kept declining, lead concentrate prices had to follow suit. The source revealed that the treatment charges for lead concentrate 60%min prevailed at around RMB1,500-1,600/metal tonne (USD246-262/metal tonne) on the local spot market, so the prices for the material were around RMB12,200-12,300/metal tonne (USD2,000-2,016/metal tonne), down by around RMB400-500/metal tonne (USD66-82/metal tonne) compared with last week.
The source said that the supply of the material is limited on the Chinese spot market. The company holds small lead concentrate inventories now.
A source from another Hunan-based trading company reported that the trading about lead concentrate is very active on the spot market, as the supply of the material is limited and demand remains robust.
The source said that the lead concentrate treatment charges prevailed at around RMB1,700/metal tonne (USD279/metal tonne) ex works and the prices for the material were around RMB12,100/metal tonne (USD1,984/metal tonne) on the spot market, down by around RMB500/metal tonne (USD82/metal tonne) compared with last week. The company’s lead concentrate 65%min contains low-grade silver. The trader holds around 500-600t of the material in stock.
Lead Conc. TC 50%min CIF China
Unit:USD/mt
China lead concentrate producers' output statistics by province by month
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