The US 99.97% lead ingot premium widened upward in the week to Tuesday November 17, supported by strong demand from automotive battery makers, while the Northern European zinc premium rose due to tightening availability of the galvanizing metal.
US benchmark zinc premium may be rolled over or slightly lower next yearLong-term negotiations for zinc kick off in Italy, Southeast AsiaZinc premiums static in Taiwan, Southeast AsiaTaiwan sees brisk spot trade in zinc ingots before contract negotiations commence
US lead premium rises on strong battery demand
The premium for 99.97% lead ingot in the United States continued strengthening this week on sustained battery demand, supported by the onset of winter weather.
Fastmarkets assessed the
lead 99.97% ingot premium, ddp Midwest US at $0.0925-0.105 per lb on Tuesday, widening upward from $0.0925-0.1025 per lb a week earlier, where the premium had been since October 20.
But the
lead 99.99% ingot premium, delivered Midwest US remained unchanged at $0.1125-0.1225 per lb on Tuesday.
"Lead demand is still good; battery producers are busy," a lead producer source said.
A lead...