FOCUS: Singapore, Malaysia zinc premiums dip on oversupply, weak demand

Zinc premiums in Singapore and Malaysia have dropped to their lowest annual level - and since Fastmarkets began assessing the market - while stocks begin to pile up in regional warehouses, trading sources said.

Fastmarkets assessed the zinc SHG 99.995% ingot premium, fca Singapore at $85-95 per tonne on Tuesday August 11, down from $90-100 per tonne the week previously and $100-110 per tonne at the start of the year.
Fastmarkets' assessment for zinc SHG min 99.995% ingot premium, cif Southeast Asia - the regional seaborne reference - remained at $95-115 per tonne week on week on the same day, however.

Zinc demand in Southeast Asia has been weak since the beginning of this year but market observers...

Published

Karen Ng

August 11, 2020

12:52 GMT

Singapore