US zinc premiums flat as market awaits lift

US special-high-grade zinc spot premiums were flat this past week as market participants continued to wait for a pickup in activity after several sluggish months.

Metal Bulletin sister publication AMM’s assessment of special-high-grade zinc premiums remained in a range of 8 to 9 cents per lb on April 2. "Things have stayed the same," one seller said. "Premiums are trending sideways. They haven’t continued to fall, but I can’t say they’ve gone up yet, either." "It’s deader than dead," one buyer said. Some market participants blamed the inactivity on dormancy in the steel and automotive industries, which are significant end markets for zinc. "Obviously, automotive has a tendency to affect zinc manufacturers if their main line is automotive, and mainstream automotive has been kind of [down] recently," a second buyer said. March was a tough month for the auto industry as US...

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This article was first published by AMM

April 06, 2015

00:01 GMT

New York