US spot zinc premiums holding steady

Dec 18, 2009 | 09:48 AM | Tom Jennemann

Zinc spot business is sluggish as the market is in the midst of its traditional mid-December slowdown, but market participants said many consumers are still busy negotiating long-term contract premiums.

"Business is coming together for next year," a U.S.-based zinc trader said. "Steel mills and other buyers are coming in to book their 2010 commitments, and premiums (for annual contracts) are between 2.75 and 3.25 (cents per pound). So far the booking (volumes) are similar to the 2009 ones, across the board."....

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