The 99.99% cif Taiwan lead ingot premium dropped in the week to Tuesday June 16 after more material came on to the spot market, while premiums for zinc globally were stable to weaker in quiet trading conditions.
Supply from India hits Taiwan primary lead premium. Zinc premiums dip in Shanghai after import arbitrage closes. Consumers are starting to resume contractual deliveries, with little spot business in the United States. Taiwan lead 99.99% premium dropsSupply in Taiwan has increased significantly over the two-week assessment period while demand has remained weak, sources said. On-warrant lead stocks in London Metal Exchange-registered warehouses in Kaohsiung have continued to hover at...