Fastmarkets' US lead premium reached its highest since 2012 due to supply tightness, while the zinc premium went up in Southeast Asia over freight cost hikes.
Concerns voiced over the Chinese refined zinc production amid power cuts in major producing areas and a low zinc concentrates treatment charges (TC) while premiums are unchanged for zinc ingots.On-warrant zinc stocks in New Orleans' LME sheds rose by 8,025 tonnes on Wednesday March 24.The London Metal Exchange cash to three-month zinc spread is in a $13.25-per-tonne contango on Wednesday March 24 morning.US lead premium rises to 8.5-year high, supply tightness continuesFastmarkets' lead 99.97% ingot premium, ddp Midwest US was assessed at 14-16 cents per lb on Tuesday March 23, moving for the first time since February 23 from its previous range of 12-14 cents per lb and at a level...