TCs for Chinese lead concentrate to fall
2024-05-01 09:06:15 [Print]
BEIJING (Asian Metal) 1 May 24 - Mainstream TCs for Chinese lead concentrate 60%min stand at RMB550-750/metal ton (USD75.97-104/metal ton) Delivered D/P now, stable from early last week. In view of tight supply, most lead concentrate producers intend to lower TCs for the material, so insiders believe that mainstream TCs for Chinese lead concentrate 60%min would drop to some extent in early May.
"Owing to tight supply, we plan to cut TC for lead concentrate by RMB50/metal ton (USD6.91/metal ton) in early May," a miner in Guangxi said, adding that in April they sold around 400 metal tons of lead concentrate at the TC of RMB500/metal ton (USD69.07/metal ton) delivered D/P, while they sold about 300 metal tons at the TC of RMB650/metal ton (USD89.79/metal ton) in March. He believed that mainstream TCs for Chinese lead concentrate would move down in the coming week.
The producer, with an annual production capacity of 10,000 metal tons of lead concentrate, produced about 400 metal tons in April, up by 100 metal tons in March. He produced nearly 1,300 metal tons so far in 2024 and around 4,000 metal tons in 2023, holding no stocks now, unchanged from late last month.
A miner in Henan revealed that they planned to lower TC for lead concentrate in early May given tight supply. He said, "In April we totally sold around 2,000 metal tons of lead concentrate at the TC of RMB200/metal ton (USD27.63/metal ton) EXW D/P, while we sold a similar quantity of lead concentrate at the TC of RMB450/metal ton (USD62.16/metal ton) EXW D/P in late March. We consider to lower TC for lead concentrate by RMB50/metal ton (USD6.91/metal ton) in next month."
The producer, with an annual production capacity of 40,000 metal tons of lead concentrate, produced about 2,500 metal tons in April, basically unchanged from March. He produced nearly 10,000 metal tons in the first fourth months of 2024 and produced around 27,500 metal tons in 2023, holding no stocks now, unchanged from last month.
"Owing to tight supply, we plan to cut TC for lead concentrate by RMB50/metal ton (USD6.91/metal ton) in early May," a miner in Guangxi said, adding that in April they sold around 400 metal tons of lead concentrate at the TC of RMB500/metal ton (USD69.07/metal ton) delivered D/P, while they sold about 300 metal tons at the TC of RMB650/metal ton (USD89.79/metal ton) in March. He believed that mainstream TCs for Chinese lead concentrate would move down in the coming week.
The producer, with an annual production capacity of 10,000 metal tons of lead concentrate, produced about 400 metal tons in April, up by 100 metal tons in March. He produced nearly 1,300 metal tons so far in 2024 and around 4,000 metal tons in 2023, holding no stocks now, unchanged from late last month.
A miner in Henan revealed that they planned to lower TC for lead concentrate in early May given tight supply. He said, "In April we totally sold around 2,000 metal tons of lead concentrate at the TC of RMB200/metal ton (USD27.63/metal ton) EXW D/P, while we sold a similar quantity of lead concentrate at the TC of RMB450/metal ton (USD62.16/metal ton) EXW D/P in late March. We consider to lower TC for lead concentrate by RMB50/metal ton (USD6.91/metal ton) in next month."
The producer, with an annual production capacity of 40,000 metal tons of lead concentrate, produced about 2,500 metal tons in April, basically unchanged from March. He produced nearly 10,000 metal tons in the first fourth months of 2024 and produced around 27,500 metal tons in 2023, holding no stocks now, unchanged from last month.
