GLOBAL ZINC & LEAD WRAP: US, Europe premiums well supported ahead of long-term contract season [CORRECTED]

Premiums in Europe rose and premiums in the United States remained steady while global market participants prepare to negotiate long-term supply contracts.

Northern European zinc premiums are at their highest since 2015, with market participants watching supply cutsUS spot zinc premiums are steady, while more uncertainty surrounds long-term contractsEuropean premiums nudge up, long term contracts become focus
Zinc premiums in Europe edged up in the week to September 5, with most market participants shifting their focus to long-term negotiations.  
The zinc SHG min 99.995% ingot premium, dp fca Antwerp and the zinc SHG min 99.995% ingot premium, dp fca Rotterdam were both at $160-180 per tonne on Tuesday. 
The assessment narrowed upward by $10 per tonne in the week to October 6 from $150-180 per tonne, and premiums stand at their highest since January 2015.  

While offers have been mentioned at $200 per tonne and above from the few producers who are able to sell in the spot market, no deals have been...

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