GLOBAL ZINC & LEAD WRAP: Premiums in Europe, Asia and US stable in first week of 2021

Zinc and lead premiums were stable across the United States, Europe and Asia in the first week of 2021 despite Korean zinc smelter Young Poong's closure due to environmental reasons and the tightening of US lead supply.

Spot premiums for lead and zinc ingots remained stable in the United StatesLead ingots supply tightening in the USEuropean premiums stable with market still quiet due to January 6 public holidaySouth Korea's Young Poong zinc smelter has been ordered to shut for two months; Shanghai zinc premium unchanged
US lead supply tightens, zinc and lead spot premiums flat
In the United States, spot premiums for lead and zinc ingots were unchanged, with spot trade slowing down over the Christmas and New Year holiday period.
Demand for special high grade (SHG) zinc has been steadily improving over the past two months, sources said.
Market participants also noted tighter supply of lead ingot, with indications that the spot premium for the 99.97% lead may rise in the near future.

Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US at 9.5-10.5 cents per lb on Tuesday January 5,...

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