Key data from December 3 pricing session in Aisa.
Singapore in-warehouse
| Premium November 26 | Premium Dec 3 | Change to midpoint of range | Midpoint % change |
| $55-95 | $70-130 | +25 | +33% |
Johor in-warehouse
| Premium August 28 | Premium Dec 3 | Change to midpoint of range | Midpoint % change |
| $55-95 | $70-130 | +25 | +33% |
Key drivers
– China’s top ten zinc producers cut output by 500,000 tonnes going into 2016.
– Suppliers are reluctant to sell.
Key quotes
“The zinc premium is strong, and offers by producers are reaching $130-140 per tonne cif Asia.” – Trader
“Deals are being closed at $70-130 per tonne, but the market is slow.” – Trader
“The zinc market is mixed: the market is sluggish, but the zinc premium is rising with suppliers reluctant to sell.” – Trader
“One order to Taiwan was concluded at $150 per tonne for 125 tonnes of the cargo, I heard.” – Trader
Anna Xu
anna.xu@metalbulletinasia.com