GLOBAL ZINC & LEAD WRAP: Premiums mostly stable despite market tightness; Italy rises

May 27, 2021 / www.metalbulletin.com / Article Link

Zinc and lead premiums were mostly stable across the globe on Tuesday May 25, despite tight supply in various regions with activity gaining steam, and a milder loss of the import arbitrage in China.

Zinc premium holds in northern Europe; market tightness boosts levels in ItalyUnited States Midwest premiums stable amid conflicting near-term viewsPremiums steady in Shanghai despite lower arbitrage losses and concerns about output
Northern Europe zinc premiums stable; Italian premiums tick upwards
The zinc special high-grade (SHG) premium in Northern Europe was stable over the past week, after a $10 rise the previous week due to what was noted as short-term tightness in the spot market.
Fastmarkets assessed both the zinc SHG min 99.995% ingot premium, dp fca Antwerp and the corresponding zinc SHG min 99.995% ingot premium, dp fca Rotterdam at $110-120 per tonne on Tuesday, unchanged from May 18.

"We have had a couple of calls from customers who usually don't ask for spot material in Italy and in northern Europe, and when the offer was made for prompt delivery a few dollars higher than some...

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