GLOBAL ZINC & LEAD WRAP: SE Asia, India lead appetite grows on price dip

Spot interest in secondary lead material has spiked after the outright price of lead softened from two weeks ago, causing lead premiums in India and South East Asia to rise on Tuesday March 16.

London Metal Exchange lead price dropped 4.7% over the past two weeks, prompting buying interest.  Continuing supply shortages keep US lead premiums supported in the current range.  US zinc spot market quiet in comparison with lead, premium stable.  European premiums stabilized following rise on March 11. Lead price retreat boosts spot premiums in India, SE Asia
The recent retreat in the lead price has boosted spot buying interest of secondary lead units in India and Southeast Asia.
The LME three-month lead price opened at $1,966.50 per tonne on Tuesday March 16, down 4.7% from two weeks ago, and closed at $1,931 per tonne on the same day.

Fastmarkets assessed the lead 99.97% ingot premium, cif India at $55-110 per tonne on March 16, with Middle East secondary lead units sold in the $50s per tonne and duty-free units sold around the...

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