GLOBAL ZINC & LEAD WRAP: Northern European premiums remain at three-year high

Northern European premiums remain at their highest level in three years due to continued supply tightness and logistics issues while Chinese premiums increased slightly on a favorable import arbitrage, sources said.

  • Zinc premiums in northern Europe are stable at a three-year high on tight supply
  • Lack of trucks around northern Europe complicate zinc deliveries
  • Import arbitrage open to some Chinese market participants
The zinc SHG premium in Northern Europe rose to its highest level since May 2018 on June 22, due to continued tightness in spot units for June and July delivery, sources said.

Fastmarkets assessed the zinc SHG min 99.995% ingot premium, dp fca Antwerp and the corresponding zinc SHG min 99.995% ingot premium, dp fca Rotterdam at $125-135...

Published

Ana de Liz

Yiwen Ju

June 23, 2021

13:00 GMT

London, Shanghai