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."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here