Spot trading of zinc ingots in Taiwan was more active in the two weeks to Tuesday April 20, in contrast to other markets around the world where minimal activity kept premiums stable.
Both London Metal Exchange zinc and lead spreads were in contango. LME's on-warrant lead stocks dropped by 5,125 tonnes from a week ago to 93,825 tonnes on Wednesday, while it was little changed in zinc. US lead demand remains tight while premium unchanged at multi-year high level Taiwan zinc premium rises on freight costs; SEA in-whs zinc in demandMeanwhile in Southeast Asia this week, trading in warehouses picked up a notch. Warehouse trading was active...