GLOBAL ZINC & LEAD WRAP: Europe, US zinc premiums flat on spot market inertia

Global spot-market zinc premiums remained unchanged in Europe and the US in the week to Tuesday April 14 while the markets remain in the grip of uncertainty amid the Covid-19 pandemic.

European zinc market participants positive over possibility of resumed trading activity later in April.US zinc sources are yet to see a significant demand hit, but some are bearish on the spot premium in the coming weeks.The London Metal Exchange three-month zinc price closed at a high of $1,920.50 per tonne on April 14, up 3.6% from $1,853 per tonne on April 1.Spot market inertia caps Europe zinc premiums despite market optimism
In Europe, premiums for special high grade (SHG) zinc ingot in both Rotterdam and Antwerp held steady week on week on Tuesday April 14, with a continued lack of spot appetite across Europe hindering business. Although market participants' interest was piqued amid the optimism over the possible resumption of trading activity later this month.

Fastmarkets' assessment of the zinc SHG, min 99.995% ingot premium, dp fca Rotterdam was $85-95 per tonne on...

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