GLOBAL ZINC & LEAD WRAP: US lead premium rises on LME price fall; Italy delivered premium dips, Shanghai stable

摘要

The sharp fall in London Metal Exchange three-month lead price has put upward pressure on the US lead premium. Stock liquidation and weak buying saw the Italian delivered zinc premium decline, while the Shanghai zinc market held firm. ? US zinc premium flat amid “deathly quiet” in spot demand ? ILZSG data shows an overall deficit of 83,000 tonnes for lead in the first nine months of 2019 ? Weak buying appetite, low stocks see Italy delivered premium decline ? Higher offers, narrowing import loss piques Shanghai zinc market