PRICING NOTICE: Discontinuation of Indian zinc premiums

After a month-long consultation period, Fastmarkets has discontinued its two zinc ingot premiums for the Indian market.

Spot trading interest has been minimal for imported zinc due to the persistently soft rupee against the dollar and local production is said to be sufficient to meet domestic demand in India.

Market participants cited a little interest in the following two bi-weekly premiums during the consultation period, which ended on February 11. 

The prices will be discontinued from the week commencing Monday February 17.

All historical data relating to this price prior to its suspension will remain available in the pricing section of the Fastmarkets MB website.

If you are affected by this price discontinuation, please contact pricing@fastmarkets.com. Please add the subject heading ‘FAO: Archie Hunter / Julian Luk Re: Discontinuation of India zinc premiums’.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.

What to read next
The publication of the following prices was delayed on Tuesday April 30 due to technical issues. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ cobalt hydroxide, min 30% co, inferred price was delayed on Tuesday April 30 due to a technical error. Fastmarkets’ pricing database has been updated.
After an extended consultation period, Fastmarkets has amended the frequency and publishing time of its MB-LI-0012 Spodumene min 6% Li2O, spot price, cif China price assessment.
Fastmarkets launches MB-NI-0256 nickel low-carbon briquette premium, cif global, $/tonne, on Wednesday May 1.
Fastmarkets will amend its MB-STE-0092 steel reinforcing bar (rebar) domestic, exw Poland, zloty/tonne price assessment on Friday May 3.
Just under two weeks ago, the chair of BHP made a phone call to his counterpart at mining peer Anglo American and set in motion a flurry of activity designed to create the largest copper producer in the world