Zinc premiums in the United States and Europe rose during the week to Tuesday May 11, with the import arbitrage loss keeping Chinese premiums stable. The surge of Covid-19 cases in India, meanwhile, has led to freight cost rises for imports into the country.
Fervent zinc demand has been noted in the US and northern Europe, leading to a rise in premiums in those regions. London Metal Exchange prices for lead and zinc remain elevated, with three-month zinc at $3,005 per tonne on May 12, its highest level since June 2018.LME lead's three-month price was most recently trading at $2,219.50 per tonne, its highest level since October 2019."Spot requests from cold calls and former customers for SHG are increasing,...