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