GLOBAL ZINC & LEAD WRAP: Low spot interest keeps premiums flat across Europe, Asia and US

Muted spot activity kept lead and zinc premiums flat globally in the week to Tuesday October 6, while a dip in the London Metal Exchange base price failed to spur any additional buying.

US zinc market engaged in annual benchmark talks for 2021. Spot buying in Taiwan was minimal during a short working week; Shanghai market closed for China's Golden Week holiday. Global premiums stagnant in inactive spot markets. US zinc, lead premiums hold as spot mart remains stable
In the United States, the spot zinc market remained stable, with some market participants engaged in negotiating terms for the 2021 benchmark zinc premium.
Fastmarkets assessed the zinc SHG min 99.995% ingot premium, ddp Midwest US at $0.08-0.085 per lb on Tuesday, unchanged week on week and its lowest since March 2017. 
"Spot zinc premiums are still strong and trending up," a seller said, though a zinc trader shared that the spot market is "quiet."

The seller noted that the zinc 2021 premium "will be flat to 0.25 cent less than 2020 levels," adding that he...

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