GLOBAL ZINC & LEAD WRAP: European zinc premiums up; demand boosts lead premiums in India, Southeast Asia

Zinc premiums were up in Europe on growing transportation costs and largely flat in Asia amid a closed arbitrage window, while lead buying interest increased premiums in India and Southeast Asia.

  • Higher transport costs increase zinc premiums in Europe 
  • Lead premiums in India and Southeast Asia boosted by demand
  • Both markets are dominated by 2018 contract negotiations amid freight-cost hike 
Zinc premiums up slightly in Europe, remain steady in Asia and US
Zinc premiums in Rotterdam and Italy both edged up moderately this week, according to Metal Bulletin’s latest assessment.
Zinc premiums in Rotterdam on an fca basis widened to $135-145 per tonne this week, compared with $135-140 per tonne a week ago. The Northern European fca market widened while larger volumes were heard trading in the mid-$130s per tonne while truckloads were sold in the $140s per tonne.

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November 29, 2017

15:15 GMT