GLOBAL ZINC & LEAD WRAP: European zinc premiums up; Indian lead premium dips

August 08, 2019 / www.metalbulletin.com / Article Link

Secondary lead premiums dipped in the Indian market in the week ended Tuesday August 6, on a decline in the value of the rupee and a rebound in the price of lead, while zinc premiums edged higher in Northern Europe.

Rupee depreciation, lead price rebound weigh on spot demand in India for secondary leadNorthern European premiums higher on easing spreadsShanghai zinc premiums remain low due to persistent import arbitrage loss; premiums unchanged in Southeast Asia on quiet marketZinc premium in US flat, demand still strong. Falling rupee weighs on secondary leadThe falling value of the rupee and a rebound in the price of lead have weighed on spot demand for secondary lead among Indian buyers this week.The lead 99.97% ingot premium, cif India, widened downward on August 6 to $50-130 per tonne, compared with $70-130 per tonne last week.Inquiries for small parcels of duty-unpaid units were heard this week in the range of $50-60 per tonne, while overall demand was soft. The price for duty-paid units continue to be close to $130 per tonne.The rupee was trading at 71.01 rupees to $1 on...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok