North Europe zinc premium at 12-month low; Indian lead premium down

The spot premium in the Northern European zinc market fell to a 12-month low in the week ended Tuesday March 14. The premium is viewed as an indicator of spot-buying interest in the galvanizing metal, and it was now close to the level it held before the Russian invasion of Ukraine in February 2022, which resulted in a surge in energy costs and subsequent closures of zinc smelters.

• Both European and non-European brand zinc premiums were assessed lower in Rotterdam
• Shanghai, US spot zinc premiums flat
• Indian lead premiums fall on soft domestic demand.
Northern Europe

Northern Europe...

Published

Julian Luk

Yasemin Esmen

Josh Fulton

Shiyue Zhao

March 15, 2023

16:47 GMT

London, Shanghai, New York