The closure of the arbitrage window between London and Shanghai prompted a drop in Chinese zinc premiums in the week to Tuesday June 2, while broad stagnancy in European and US demand kept premiums firm, although some market participants anticipate that demand could further weaken in the coming months.
Cif Shanghai premium dipped as demand diminished in line with arbitrage window's close Southeast Asian premium dropped followed the trend two weeks ago in Taiwan as many Japanese and Indian cargoes were quoted there Lack of liquidity, demand keeps Europe premiums steady Spot appetite has diminished in China with closing of arbitrage window; SEA premiums dropThe import loss over the...