GLOBAL ZINC & LEAD WRAP: European, SE Asian premiums rise

European and Southeast Asian zinc premiums have risen on tight supply, though other regions, as well as the lead market, were quiet in the week to Tuesday October 19 amid high prices on the London Metal Exchange.

• Higher zinc premiums in Northern Europe drive up Southern European market
• Zinc demand strengthens in Southeast Asia, but Chinese market subdued on high LME prices
• Three-month zinc on LME hits $3,944 per tonne on Friday October 15.
European zinc premiums up further but spot offers scant
Special high-grade premiums in Northern Europe and Italy rose in the week to Tuesday, but there was less liquidity in the Antwerp/Rotterdam spot markets compared with a week earlier, with producers unable to offer units amid production crunches attributed to energy costs.
Fastmarkets’ assessments of the zinc SHG min 99.995% ingot premium, dp fca Antwerp and the zinc SHG min 99.995% ingot premium, dp fca Rotterdam were both at $170-190 per tonne on Tuesday, up by $10 per tonne from a week earlier.

While transactions involving small quantities have been reported as high as $200 per tonne, they have yet...


Ana de Liz

Yiwen Ju

Yasemin Esmen

October 20, 2021

10:51 GMT

London, Shanghai, New York