US zinc premiums fall on stalling demand

Apr 11, 2012 | 11:51 AM | Chris Prentice

Tags  zinc, zinc premiums, No. 3 diecasting alloy, special-high-grade zinc, Chris Prentice, LME

NEW YORK — Delivered premiums for special-high-grade zinc and zinc alloys have fallen in recent weeks as lower terminal market prices and stagnant demand put downward pressure on spot material.

"The LME (London Metal Exchange) has come down, and sales continue to be sluggish," one domestic alloy producer told AMM. "It’s still a rough U.S. economy. Zinc has a huge place in the home and housing industry, (and) new housing remains depressed."

Delivered premiums on special-high-grade material fell to 7 to 8 cents from 7 to 8.5 cents per pound previously.....

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