Northern European premium decreases with market picking up
- Northern Europe premiums dip after December tightness dissipates
- Window for arbitrage in Shanghai fails to move the zinc premium
- US premiums steady despite strong spot demand
- Southeast Asia premiums rise on domestic demand pick-up
The top end of the Northern European zinc premiums decreased by $10 this week, with market sources reporting that the December market tightness has dissipated and trading levels have picked up, allowing participants to negotiate lower prices.
Fastmarkets assessed the zinc SHG min 99.995% ingot premium, dp fca Antwerp
at $95-105 per tonne on Tuesday, the first change since December 8.
Similarly, Fastmarkets’ assessment of the zinc SHG min 99.995% ingot premium, dp fca Rotterdam
was at $95-105 per tonne.
"There was some tightness in the market in December but it's beginning to settle now, so we see prices such as...