Zinc consumers react to shorter LME wait times

Jul 08, 2014 | 03:53 PM | Saranya Kapur

Tags  zinc, London Metal Exchange, LME, warehouse queues, Saranya Kapur

NEW YORK — Despite dwindling queues, U.S.-based zinc consumers in the United States are not rushing to buy material from London Metal Exchange zinc warehouses, sources told AMM.

Queues to obtain zinc from Pacorini Metals USA LLC sheds in New Orleans dropped to 15 working days in May from more than 200 days a year ago (amm.com, July 7).

A source at one zinc alloy maker said the queues in New Orleans have "dissipated almost completely" and getting the material out in a "reasonable amount of time" is much easier than it was a few months ago. "The material can be gotten out of the warehouses at almost a zero premium," he said. "And while the lack of delay does make it more attractive, when you start weighing costs, it’s not really much cheaper."....

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