Southeast Asian zinc premiums increased in the week to Tuesday January 28, with improved demand boosting spot activity, while dip-buying in the region's lead market failed to move premiums. The European and United States' zinc and lead markets remained flat.
US zinc and lead premiums hold with slump in London Metal Exchange lead, while zinc futures fail to incite spot consumptionThe LME lead price dive incites buying in India but fails to manifest in premiums, which remain flatThe shrinking LME cash/three-month zinc backwardation failed to spur spot consumption in the European zinc marketChina remains away from the market for Lunar New Year, but the impact of coronavirus uncertainty on regional premiums is yet to be discernedSoutheast Asian zinc premiums up on higher deals"We definitely see some interest with the lack of warrants out there," one...