The lead arbitrage window has shut after briefly opening in the week to January, while the LME three-month zinc spread remains backwardated, keeping spot trading minimal and premiums unchanged, except for in Italy, Fastmarkets was told.
Lead arbitrage window shut this week after last week, making imports to Asia less profitable to weigh on Indian spot premiumThe London Metal Exchange on-warrant lead stock rose by almost one-tenth to 58,550 tonnes on Wednesday January 22, compared to 53,600 tonnes a week ago, following inflows to European shedsThe LME three-month zinc spread remains backwardated, keeping spot trading minimal and premiums flat across the globe, except for those in Italy Lead arbitrage window closed; lower spot lead demand from IndiaFastmarkets' premium for 99.97% ingots on a cif India basis stood at $60-100 per tonne on January 21, compared to $80-100 per tonne a...