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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