Thailand's Padaeng quits zinc trading as chronic backwardation hits distributors

A historic backwardation in zinc forward prices has its first major casualty, with Thailand’s foremost zinc distributor set to close that part of its business as a result.

Padaeng Industry, formerly a primary zinc smelter which pivoted into the renewable energy industry, will close its 50,000 tonne per year zinc metal distribution business at the end of 2018,...

Published

Archie Hunter

December 12, 2018

17:53 GMT

London