Southeast Asia lead premiums up first time in five months
- Bullion and pure lead demand improves in Asia
- European availability remains high
- US contractual demand remains solid, but spot market falters
Lead premiums for Southeast Asia rose for the first time in five months as spot appetite returned with improved industrial demand.
Fastmarkets’ assessment for the lead 99.97% ingot premium, cif Southeast Asia
jumped to $70-85 per tonne on Tuesday from $50-70 per tonne previously, with tonnages sold to Vietnam and inquiries from Malaysia seen within that range over the past two weeks.
Fastmarkets’ assessment for the lead 99.99% ingot premium, cif Southeast Asia
also went up by $5 to $125-145 per tonne, with more market activity reported in $130s range.
Major Indian battery manufacturers have continued operation despite surging new cases of Covid-19, industry sources said.
Demand for lead bullion and...