Spot interest for Southeast Asian zinc ingot weakened in the week ended Tuesday September 7, while tight supply kept premiums in the United States and Europe elevated.
The three-month price of zinc on the London Metal Exchange reached $3,058 per tonne, its highest price since early August.The Southeast Asian zinc premium retreated, with demand hit by Covid-19-led restrictions and high pricesThere were fewer offers of Indian zinc units on the spot market with improving domestic demand Chinese spot zinc trading was minimal following the state auction Supply tightness in Europe and the US kept zinc premiums highSoutheast Asian premium down"Deals at $135 could be traded two weeks ago but [can't] be concluded now, given the disappointing demand due to the worrying Covid-19 situation," a...