Offers were likely to be made close to or higher than $200 per tonne, nearly double the levels seen in 2021, which came in a range of $95-110 per tonne
The offer levels were also higher than the current spot prices in Northern Europe. Fastmarkets assessed the zinc SHG, min 99.995% ingot premium, dp fca Rotterdam
, at $160-180 per tonne on Tuesday October 12, with supply in the region still insufficient.
“We have an interesting fourth quarter [of the year] ahead of us,” one producer source said.
The spot market began to be strained around summer this year, when zinc buyers found themselves short of metal...