Meanwhile, premiums in both the United States and China were steady over the week, with static demand limiting any changes in the latter, while the bulk of the US market was away from trading at the International Zinc Association’s annual conference.
Steady availability caps European zinc premiums
- Strong availability caps European premiums
- Indian spot premium for secondary lead widen downward
- US, China premiums unchanged
- Annual benchmark negotiations on zinc concentrate TCs under way at conference in Arizona.
In Europe, Fastmarkets assessed the zinc SHG, min 99.995%, ingot premium, dp fca Rotterdam
, at $85-95 per tonne on February 18, unchanged week on week.
The zinc SHG, min 99.995% ingot premium, dp fca Antwerp
, was also $85-95 per tonne on Tuesday.
Physical market participants dealing in special high-grade zinc ingots maintained that demand conditions across Europe remained poor, with spot market allocations reduced and buying appetite subdued.