Zinc premiums in Southeast Asia up on demand uptick
In Southeast Asian warehouses this week, zinc premiums continued to rise on a general increase in market demand for zinc ingots, sources said.
On-warrant inventory in Singapore warehouses were at 44,425 tonnes on April 7, with cancelled stock at 14,150 tonnes.
In Port Klang, there were 38,450 tonnes with cancelled stock at 19,550 tonnes while in Johor warehouses stocks were unchanged from a fortnight earlier at 4,625 tonnes with 450 tonnes cancelled.
Fastmarkets assessed the zinc SHG 99.995% ingot premium, fca Singapore
at $100-110 per tonne on Tuesday April 6, up by $10 per tonne on the low end and $5 per tonne on the high end on a fortnightly basis.
Similarly, Fastmarkets’ assessment of the zinc SHG 99.995% ingot premium, fca Malaysia also rose to $100-110 per tonne on April 6, up from $90-105...