- Zinc premiums in Europe and the United States are unchanged this week while zinc’s three-month price on the London Metal Exchanage remains stable and most of the market is well covered by long-term deliveries.
- LME zinc's forward curve is contracting this week while the cash-to-three-month spread is trading in a $29.50-per-tonne backwardation on Wednesday October 2 morning.
- The Indian lead premium maintained its low level due to poor demand from decreasing activity in the automotive sector.
European zinc premiums unchanged despite spread tightness
Illiquidity tempered the European zinc market this week with no new business reported to Fastmarkets, while all assessments deem the premium to be unchanged.
Fastmarkets’ assessment of the zinc special high grade (SHG) min 99.995% ingot premium, duty paid fca Rotterdam was at $95-110 per tonne on October 1 and trading at parity with Fastmarkets’ assessment of the premium for zinc special high grade (SHG)...