Italian zinc premiums gain, underpinned by low stocks. Might be short-lived as new supply is on the way
Zinc premiums in other regions flat as Chinese New Year approaches
Indian lead premiums soften as LME price records a moderate rise since the start of the year
US, Taiwan lead market quiet with premiums stable
Italian zinc premiums gain with warehouse stocks low
Spot premiums for zinc ingots in Italy rose this week to $150-160 per tonne, compared with $145-155 last week. Delivered premiums in the region are unchanged at $185-195 per tonne.
Premiums are firming on low stocks, with no material available in LME sheds in Trieste, Genoa or Leghorn.
The increase in spot premiums is expected to be short-lived, however, with a shipment of Skorpion material on its way from Namibia.