Zinc premiums trend higher in bullish market
Dec 09, 2011 | 10:17 AM
| Chris Prentice
Tags
zinc market,
zinc premiums,
high-grade zinc,
HudBay Minerals,
David Bryson,
Xstrata,
Kidd Creek,
chris prentice
NEW YORK — The zinc mating season for 2012 contracts has been "unusually good," with most deals for next year in their final stages, one trader told AMM.
Contract premiums for high-grade zinc are around 7 to 8 cents per pound, he said, in line with spot premiums at the end of this year.
Premiums for contracts signed for 2011 were about 5.5 cents per pound, a second trader said. Spot premiums started the year at 4.5 cents before surging in the second quarter, AMM data shows.....
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