GLOBAL ZINC & LEAD WRAP: Global zinc, lead premiums stable; focus on 2021 contracts

Global zinc premiums were unchanged in the week to Tuesday November 10, with spot lead premiums also seeing only minimal trading activity.

Zinc and lead premiums in the United States firmly supported by trucking costs Asian lead premiums stable with small trading volume European premiums flat ahead of 2021 contract negotiations US zinc, lead terms hold; high trucking costs support premiums
In the United States, premiums for zinc and lead remained unchanged from week on week on Tuesday, with the bulk of attention diverted towards hammering out 2021 contracts.
A zinc trader said he had concluded a few small spot deals, "but the focus is on 2021 at the moment."
Fastmarkets assessed the zinc SHG min 99.995% ingot premium, ddp Midwest US, at $0.08-0.0875 per lb on November 10, unchanged since rising to this level last week.
US lead premiums remained flat week on week.

Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US, at $0.0925-0.1025 per lb on the same day, unchanged...

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