The Shanghai in-warehouse zinc premium inched higher after import losses narrowed, while zinc and lead premiums in other regions remained largely stable, with the exception of India where primary lead eased on Tuesday April 24.
Shanghai in-warehouse premium rises $10 per tonne India primary lead premium down on lower-priced deals and weak battery demand Lead premiums in Southeast Asian markets tick up to reflect the price difference across brands In China, the Shanghai in-warehouse zinc premium moved up to $130-140 per tonne on Tuesday, from $120-130 per tonne the previous week, following an improved import arbitrage. Deals were reported at $130-150 per tonne over the past week.The London-Shanghai import losses have dropped to below $100 per tonne since early April - the import loss was at around $95 per tonne on April 24, down from this month's largest loss of $130 on April 4, according to Metal Bulletin's arbitrage calculator."The premium for in-warehouse zinc went up this week since the import loss was down. We even heard offers at $180 per tonne in the spot market," a South China-based trader said. The Shanghai cif zinc...