Zinc premiums were steady across the globe when spot demand runs low at the end of the year
Taiwan’s lead premium went up slightly amid expectations for higher annual terms
Participants of the both markets rush to reach agreement on 2018 contacts before seasonal holidays
Zinc premiums largely steady in inactive spot markets
Zinc premiums were largely stable this week in Asia, Europe and US markets on limited spot demand with slight gains in Southeast Asian markets.
Metal Bulletin assessed the zinc premiums (99.995% purity) for Southeast Asia on a cif basis at $155-165 per tonne this week, up $5 from a week ago on gains of annual contracts into the region. Singapore’s level still lag behind Malaysia, Vietnam, and Indonesia markets.
In China, in-warehouse and cif Shanghai premiums stood at $140-150 per tonne and $130-140 per tonne respectively, unchanged from a week ago.