Premiums for lead in the United States inched up on Tuesday October 20 on returning demand from the automotive sector, which is adding to seasonal stockpiling to prepare for battery replacements.
US lead premiums rise on automotive battery demand. European zinc premiums firm with buying seen from diecasters and galvanizers. Shanghai zinc markets were flat on worsening import arbitrage. US lead premiums get boost from auto demand
Lead premiums in the US have risen to near pre-pandemic levels due to continually improving demand from the automotive industry.
Fastmarkets assessed the
lead 99.97% ingot premium, ddp Midwest US at an eight-month high of $0.0925-0.1025 per lb on Tuesday, rising from last week's $0.09-0.10 per lb.
Similarly, the
lead 99.99% ingot premium, delivered Midwest US was at $0.1125-0.1225 per lb on Tuesday, and is now at the highest level since mid-April when it was at 11-13 cents per lb.
"We are transitioning into the winter season,...