US lead premiums flat on tight supply, zinc unchanged
- Freight hike caps US business amid quiet zinc market
- Strong battery demand supports US lead premium
- European zinc demand surpasses expectations
In the United States, the premiums for lead ingots remained unchanged this week, supported by tight supply and high freight rates.
Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US
at 9.5-10.5 cents per lb on Tuesday, stable after rising to this level on November 24. The lead 99.99% ingot premium, delivered Midwest US
held at 11.25-12.25 cents per lb on the same day, unchanged since October 20.
“Material is very tight and freight is very expensive,” a lead consumer said.