Northern Europe premiums steady at three-year highs
- Zinc premiums in Europe remain high
- Unusual August demand seen in Italy
- China premiums stable.
Zinc ingot premiums in Northern Europe were stable for a fourth week in a row on Tuesday, holding at their highest since February 2018.
Fastmarkets assessed both 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 $120-140 per tonne on Tuesday.
Most market participants reported deals within that range, with various sources saying that the recent floods in Germany and Belgium have had only a small effect on the transport of material around the continent.
“It’s much easier to get those higher premiums now, reaching $140 per tonne, than it was two or three weeks ago,” one trader said. “The main problem we have at the moment is the lack of capacity...