• 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...