GLOBAL ZINC & LEAD WRAP: Zinc premiums unchanged globally; Southeast Asia lead dips

Zinc premiums in China, Europe, the United States and Southeast Asia all remained stable over the past week, with only the US showing solid demand, but lead premiums in Southeast Asia began to slide.

Closed import arbitrage window into China dampened buying interests; Shanghai zinc premium is static  European zinc premiums stable amid dull demand in a market with a wide LME spread backwardation and high prices  Southeast Asia lead premiums soften as buyers hold firm  US zinc, lead premiums steady, but the markets are awaiting spring bloom Shanghai zinc premium unmoved in a quiet market The cif Shanghai zinc premium stood at $120-130 per tonne on Tuesday April 9, unchanged week-on-week, and the premium for bonded-warehouse zinc ingots was steady at $130-140.    With the Chinese domestic market well supplied, those wanting to import physical zinc ingots into China would incur a loss of $120.95 per tonne as of Monday April 8, due to the negative import arbitrage between China and outside markets, which has more than doubled since April 3 when it was $60.10 per tonne. As of Tuesday April 9, when Fastmarkets premiums were...


Anna Xu

Archie Hunter

Dalton Barker

April 10, 2019

12:15 GMT