Zinc shortage causes premiums to rise in Europe; US, Chinese premiums unchanged in muted markets | Metal Bulletin.com

2021-12-30 07:29:56 By : Ms. Alin zhou

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European zinc premiums continued their steady uptrend in the week ended Tuesday November 9 against a backdrop of generally tight supply, while those in the United States and China were flat amid limited spot activity.

Uncertainty about zinc production in Europe and decreased output causes premiums for spot and contractual tonnages to rise. Three-month zinc price on the London Metal Exchange as high as $3,315 per tonne on Tuesday. Zinc and lead premiums unchanged in the US due to quiet spot conditions, shortage of metal. Persistent arbitrage losses continue to stifle import interest in China. Seller's market continues in Northern Europe, with higher long-term contract offers heard Special high-grade (SHG) zinc premiums in Northern Europe rose for the fourth consecutive week on Tuesday, with availability still limited for the spot market. Fastmarkets assessed the zinc SHG min 99.995% ingot premium, dp fca Antwerp and the zinc SHG min 99.995% ingot premium, dp fca Rotterdam at $220-260 per tonne on Tuesday, up by $20 per tonne from $200-240 per tonne a week earlier. The Rotterdam premium, which was first assessed by Fastmarkets in April...

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