Northern Europe zinc premiums at highest since February 2015
- New highs for the LME three-month zinc price did not deter demand in Northern Europe.
- In Asia, however, the hike in prices kept buyers away from the spot market.
- US lead premiums remain at record high levels.
Unabating spot market tightness has taken the Antwerp and Rotterdam zinc special high grade premiums to new year-to-date highs on September 14.
Fastmarkets assessed the zinc SHG min 99.995% ingot premium, dp fca Antwerp
and the zinc SHG min 99.995% ingot premium, dp fca Rotterdam
at $140-165 per tonne on Tuesday, rising from the $125-150 per tonne level both premiums had held since August 17.
Market participants attribute the rising premiums to demand from the galvanizing sector, which is strong despite the peak reached by zinc's LME three-month price on September 10. The price eased to $3,052 per tonne on...