Description
The LME Zinc Premium/Discount (0-3) is published by the London Metal Exchange (LME). This indicator reflects the premium or discount of zinc prices for immediate delivery (0-3 months) compared to the three-month futures contract. It is often used to gauge the short-term supply and demand balance in the zinc market. A higher premium indicates stronger demand or tighter supply, while a discount suggests weaker demand or oversupply.
The LME Zinc Premium/Discount (0-3) is calculated based on the difference between the spot price and the three-month futures price of zinc on the London Metal Exchange. The spot price represents the current market price for immediate delivery, while the futures price is for delivery in three months.
This data is updated daily, reflecting the most recent trading activity and market conditions.