GLOBAL ZINC & LEAD WRAP: US-Iran tensions yet to move Asian lead premiums

摘要

The new year began with a dramatic escalation in US-Iran political tensions, leading market participants to express increased risk aversion in trading lead from Iran - a major lead ingot producer, sources told Fastmarkets in the week to Tuesday January 7. - Potential disruption in Iranian lead supply is yet to be reflected in Indian and Southeast Asian premiums. - Extended arb losses cap zinc trading interest in China. - US premiums for zinc and lead remained flat in the first week of 2020 due to prevailing weak spot appetite in the New Year.