Lead premiums in the United States continue to firm on supply shortages and consistent demand, while big deals being done in Indian and European markets are also starting to pick up, sources said.
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US lead premium most since 2016, zinc premium holds
In the United States, the 99.97% lead ingot premium moved higher this week due to acute lack of spot availability of the light metal.
Fastmarkets assessed the
lead 99.97% ingot premium, ddp Midwest US at 11-13 cents per lb on Tuesday January 19, moving for the first time since it reached its previous range of 9.50-10.25 cent per lb on November 24 and its highest since September 2016.
Fastmarkets' lead 99.99% ingot premium, delivered Midwest US premium remained flat week on week, however, at 11.25-12.25 cents per lb the same day.
Both sellers and buyers of lead metal said it was difficult to source spot tonnages of the metal, which...