Tuesday, December 2, 2014

China's Lead Conc. Imports Hold High in Oct. on Higher TCs, Improved Market Fundamentals

China's Lead Conc. Imports Hold High in Oct. on Higher TCs, Improved Market Fundamentals
China imported 176,600 tonnes of lead concentrate in October, holding high at the second highest this year, albeit a 13.01% drop from September, China Customs data indicate.
Lead concentrate supply in China has been tight this year, turning lead smelters to overseas market. 
The National Bureau of Statistics reported a 9.27% decline in China’s lead concentrate output in October, which aggravated concentrate shortages. 
Demand for the raw material started rising in September as some smelters built stocks for winter production.

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