Lack of spot availability in the zinc market persisted in Northern Europe, where premiums rose to a new six-year high in the week ended September 15, while logistics issues led to an increase in United States zinc premiums as well.
New highs for the LME three-month zinc price did not deter demand in Northern Europe. In Asia, however, the hike in prices kept buyers away from the spot market. US lead premiums remain at record high levels.Northern Europe zinc premiums at highest since February 2015Market participants attribute the rising premiums to demand from the galvanizing sector, which is strong despite the peak reached by zinc's LME three-month price on September 10. The price eased to $3,052 per tonne on...