Special-high-grade (SHG) zinc premiums for 2013 appear to have
been settled mostly at between 7.5 and 8.5 cents per pound.
The majority of SHG contracts
have been signed in this range, although there are some
"We did some SHG between 7 and
7.5 cents per pound," one alloy producer source said. "Everyone
wants to push for higher prices, but if someone is a regular
buyer and has good credit, theres room for
"I know some people have been
talking about deals at 7 cents, but I havent seen it,"
one trader said.
The majority of contract
business for 2013 has now been concluded, he said. "Id
say were close to 90 percent of (contracts) being done;
its just a question of formalizing it."
One producer source told
AMM that demand from consumers for next year appears
to be better than it was for the first quarter of 2012.
"Weve had a number of years in the past where
first-quarter demand was way down because people have been tied
into contract tonnage and then come out of the year long," he
said. "Weve not seen any of that this year."
spot SHG zinc premium is unchanged at 7.5 to 8.5 cents per
pound, with prompt orders trading a few cents higher.
"If somebody needs a truckload
overnight, theyre paying a pretty pennyabout 10 or
11 cents per poundbut theyre small orders, and not
reflective of the market," the trader said.
Zinc alloy prices also are
unchanged, with the benchmark No. 3 premium steady at 17 to 19
cents per pound.
"The recent spike in the LME
hasnt really affected what were doing," the alloy
The LMEs three-month zinc contract closed
Tuesdays official session at $1,993 per tonne (90.4 cents
per pound), up 3.8 percent from $1,920 per tonne (87.1 cents
per pound) on Nov. 13.