The falling London Metal Exchange zinc price boosted spot demand for zinc ingot in both Europe and the United States in the week to Tuesday April 13, while lead premiums in Southeast Asia were up on recovering demand.
The LME three-month zinc price fell to $2,758 per tonne on Monday at the close, renewing interest for spot demand. Zinc demand remains strong in the US despite automotive output cut. Shanghai zinc premium steady on larger arbitrage losses over March. Improved Southeast Asian demand boosts secondary lead premium. Indian lead premiums steady at the start of Ramadan. Premiums in Europe rise for first time since MarchMarket participants in the area noted "a bit more activity since the price came off" at the start of the...