GLOBAL ZINC & LEAD WRAP: Zinc premiums flat on weak spot demand; lead premiums up in Taiwan

Zinc premiums remained largely flat in inactive spot markets across the globe as participants rushed to reach agreement on annual contacts before seasonal holidays, while lead premiums edged up slightly in Taiwan, in line with long-term contract terms that were pushed up by expected rise in import demand from China.

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. “Consumption...

Published

Echo Ma

Millicent Dent

Vivian Teo

Julian Luk

December 13, 2017

14:47 GMT

London