Zinc premiums were flat across Asia, Europe and the United States in the week to Tuesday February 9, while the ongoing supply tightness for lead in the US has allowed those who have material available to "name their price."
Widening arbitrage loss and low demand due to Chinese New Year keeps Shanghai, Southeast Asia zinc premiums flat. On-warrant inventory in Singapore and Port Klang, Malaysia down 11% and 20% since start of February due to stockpiling activity. Lead supply tightness in US could mean increased premium in coming weeks. No material available in US LME warehouses. Shanghai zinc appetite lowThe...