GLOBAL ZINC & LEAD WRAP: Uptick in Southeast Asian lead interest pushes premium up 4%

October 24, 2019 / www.metalbulletin.com / Article Link

The Southeast Asian lead premium rose by 4.2% week on week on increased spot interest, with market participants suggesting an uptick in automotive sales as a key tailwind; meanwhile, global zinc premiums were unchanged amid stagnant spot demand and tight forward spreads.

Southeast Asian lead premium rises on renewed buyer interest  US, Asian zinc premiums flat on low spot interests  European premiums unchanged due to weakening spot appetite Southeast Asian lead premium up; Indian demand weak The Southeast Asian premium for secondary lead units widened upward this week on an increase in spot interest. Fastmarkets' lead 99.97% ingot premium, cif Southeast Asia rose by 4.2% to $55-70 per tonne on Tuesday October 22, from $55-65 per tonne a week ago. Hundreds of tonnages were sold into Vietnam at premiums of above $60 per tonne on a promising outlook for local automakers. Vietnam's automobile sales grew by 18.4% year on year for the first nine months this year. But there was little spot interest in the Indian market this week after the London Metal Exchange price surged and because of soft sentiment in the auto sector there. The secondary lead 99.97% ingot premium, cif...

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok