GLOBAL ZINC&LEAD WRAP: Europe zinc premium dips; lead, zinc rates in other regions unchanged

The premium for zinc in Northern Europe edged down on Tuesday March 26 amid price increases on the London Metal Exchange, while premiums for zinc and lead across the rest of the world were unchanged.

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...

Published

Anna Xu

Dalton Barker

Julian Luk

March 27, 2019

08:45 GMT

Shanghai, London, Chicago