Northern European zinc premium dips, pressured by gains in futures prices
Asia zinc premiums flat on limited spot buying interest
Indian, Southeast Asia lead premiums steady amid absence of Iranian units
US zinc, lead markets stable
Northern European zinc premium edges down; LME price rebound deters spot interest
The zinc premium in Northern Europe narrowed downward this past week after a rebound in futures prices weighed on spot trading interest.
Fastmarkets assessed the premium for zinc, 99.995% purity, Antwerp, duty paid fca, at $105-115 per tonne on March 26, narrowing downward by $2 per tonne from $105-117 per tonne a week ago.
The three-month zinc price daily official price was $2,858.50-2,859 per tonne on March 26, up by $55.50 per tonne from $2,803-2,803.50 per tonne on March 19.
“The spot market is painfully quiet now, I have not received a single call from zinc buyer,” a Europe-based trader said.
Nonetheless, some tonnages were...