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China Refined Lead Exports Decrease 50% to 1,212 mt in October 2014

Release time:2014-12-04

Dec 03, 2014 07:49 GMT   Source:SMM

 

SHANGHAI, Dec. 3 (SMM) – Lead Concentrate China Customs show that China imported 176,600 mt of lead concentrate in October, down 13.99% YoY and 13.01% MoM, but still the second highest volume this year. YTD concentrate imports through October, however, increased 17.91% to 1.48 million mt. SMM attributes the high lead concentrate imports to three factors. First, lead concentrate supply has been tight in domestic markets this year, and China’s smelters have begun building up input inventories for winter since September. As such, these smelters looked to search out concentrate suppliers overseas. Second, LME lead prices fell from USD 2,250/mt in early September to less than USD 2,050/mt in m......