Zinc premiums in the United States and Taiwan rose over the week to Tuesday November 3 while in Northern Europe spot zinc premiums dropped amid a dampened outlook and new regional lockdowns, sources said.
US, EU zinc premiums diverge with appetite for units stronger in the former and weaker in the latter regionTaiwanese zinc premiums hit multi-month high amid demand uptick while China zinc premiums hold despite bonded stock uptickUS zinc premium rises on demand uptick; lead terms flat
The US premium for special high grade zinc rose for the first time in more than five months while demand for the galvanizing metal keeps improving, trade sources said.
Fastmarkets assessed the
zinc SHG min 99.995% ingot premium, ddp Midwest US at $0.08-0.0875 per lb on Tuesday November 3, widening from the previous range of $0.08-0.085 per lb and marking the first move in the US zinc premium since mid-May this year.
Market participants have been reporting a steady improvement in demand for zinc in the US with automotive demand recovering.
Although the zinc market was quiet overall...