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Key data from December 3 pricing session in Aisa.
Singapore in-warehouse
Johor in-warehouse
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