Lead concentrate prices retreat on the Chinese market
2014-09-24 09:32:28 [Print]
BEIJING (Asian Metal) 24 Sep 14 - With lead ingot prices softening, lead concentrate prices dropped by around RMB100/metal tonne in early this week. The demand for the material remained very strong on the Chinese spot market.
A source from Inner Mongolia-based mining company reported that lead ingot prices continued to drop in early this week, so lead concentrate prices followed suit. Prices for lead concentrate 50%min declined by around RMB100/metal tonne (USD16/metal tonne) to RMB11,400/metal tonne (USD1,869/metal tonne) ex works.
The lead ingot and lead concentrate prices seemed to have touched the bottom, so buyers were active in purchasing the material on the local market.
The mine’s lead concentrate output is around 1,500t per month. It holds no lead concentrate in stock.
A source from another Inner Mongolia-based mining company reported that the demand for lead concentrate from lead smelters remained very robust, especially after the lead prices declined to the low mark of RMB13,600/t (USD2,230/t). “Most participants don’t think lead price will go down further,” said the source. “Therefore, buyers were more active in purchasing the material due to the low prices.”
The supplier offered lead concentrate 60%min at RMB11,600/metal tonne (USD1,902/metal tonne) ex works on Tuesday, down by around RMB100/metal tonne (USD16/metal tonne) compared with last week, due to the decline in lead ingot prices.
The mine’s lead concentrate output is around 1,000tpm. It holds around 1,000t of the material in stock. They are not in a hurry to sell the material at the current low prices in the near term.
Lead Conc. TC 50%min CIF China
Unit:USD/mt
China lead concentrate producers' output statistics by province by month
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