GLOBAL ZINC & LEAD WRAP: Global zinc premiums stable, US lead still at all-time high

Premiums for spot zinc material were stable in the week to June 15, with the US premium for lead holding at an all-time high.

Zinc premiums in Europe are at their highest since 2019 due to low availability of spot material, but may drop in summer 2021. US lead premiums continue at their peak of 14.50-16.50 cents on tight supply and logistics issues, with the latter also affecting the European zinc trade. Effects of the Chinese state reserve release of zinc material will become clear in the coming weeks.  European premiums hold at Feb 2019 levels
Premiums for SHG zinc in North Europe were stable for the third week running, with demand from key industries remaining strong and availability for the June spot market still tight. 
Fastmarkets assessed the zinc SHG min 99.995% ingot premium, dp fca Antwerp and the corresponding zinc SHG min 99.995% ingot premium, dp fca Rotterdam at $110-125 per tonne on June 15, unchanged from June 1. 
   

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