SHG zinc premiums hold steady
Jan 31, 2013 | 12:22 PM
| Suzy Waite
Tags
Zinc,
SHG zinc,
LME warehouses,
galvanizers,
die casters,
Suzy Waite
NEW YORK — Limited spot activity kept zinc premiums steady this week, although some market participants said a perceived supply tightness in special-high-grade (SHG) zinc could push premiums up.
AMM’s spot SHG premiums are between 7.5 and 8.5 cents per pound, although several participants maintain that getting zinc at a premium below 8 cents is difficult.
"I would say SHG is a strong 8 cents now. It’s tight. That’s why I emphasize the word ‘strong,’" a consumer source told AMM.
The tightness is not driven by dramatically increased consumption, though, as demand from die casters remains weak.....
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