Zinc alloy premiums fall on declining LME prices

Mar 28, 2013 | 12:25 PM | Suzy Waite

Tags  Zinc, special-high-grade zinc, zinc alloys, LME, London Metal Exchange, warehouse stocks, zinc premiums, Suzy Waite

NEW YORK — Declining London Metal Exchange zinc prices have pushed U.S. zinc alloy premiums down, although special-high-grade premiums remain firm.

Three-month LME zinc fell to $1,886 per tonne in the March 27 official session, down 2.8 percent from $1,940.50 the previous day and 14.8 percent below this year’s high of $2,213 per tonne on Feb. 12.

Premiums for die casting alloys Nos. 3 and 7 fell to 17 to 19 cents per pound from 18 to 20 cents previously; No. 5 alloy slipped to 19 to 21 cents per pound from 20 to 22 cents; and No. 2 alloy fell to 22 to 25 cents per pound from 23 to 26 cents.....





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