Shipment puts ’13 lead premium rise in doubt
Oct 12, 2012 | 03:58 PM
| Daniel Fitzgerald
Tags
lead premiums,
primary lead,
secondary lead,
LME warehouses,
Daniel Fitzgerald,
LME Week
NEW YORK — Primary lead market participants are not convinced that 2013 contract premiums will reach the heights seen in the spot market recently as supply tightness is expected to be alleviated by metal on its way from Asia.
With negotiations for 2013 fixed contracts expected to kick off in London as market participants convene for LME Week, some traders have expressed doubt that the current spot premium range of 14 to 16 cents per pound will be reflected in finalized contracts.
Spot premiums have doubled recently as secondary lead producers seek to recoup the high cost of junk automotive lead-acid batteries (amm.com, Oct 1).....
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