http://realcent.forumco.com
http://realcent.forumco.com
Home | Profile | Register | Active Topics | Active Polls | Members | Private Messages | Search | FAQ
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 Hoarding Bullion Coins and Metals Forums
 Scrap Metal
 Update on US zinc market		  New Topic  New Poll New Poll
 Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

agui
Penny Sorter Member


70 Posts
Posted - 08/11/2008 :  23:25:25  Show Profile Send agui a Private Message  Reply with Quote

Platts reported that summer shutdowns continued to put a freeze on zinc premiums for another week, with price assessment for special high grade zinc unmoved at 4 cents plus LME cash and the price for alloy number 3 immobile at 17 cents plus LME cash.

The report cited a trader as saying that "The market is still mired in summer. We continue to see very little interest on the buy side in zinc."

He said that "Zinc is probably trading lower than it should, based on the price of other metals," the trader said. "Close to 20%-30% of world production is at cash cost. However, mine shutdowns that will set the stage for a price comeback are starting to happen and Chinese demand might go up after the Olympics."

With scant deals on either material keeping premiums static for now, the focus has turned to the beleaguered zinc LME price that seems in perpetual freefall.


http://www.worldscrap.com/modules/news/article.php?aid=8285

wavecrazed
Penny Sorter Member



USA
46 Posts
Posted - 08/13/2008 :  20:22:06  Show Profile Send wavecrazed a Private Message  Reply with Quote
So I would be safe to saying stainless steel is gonna drop!
scrappin" all over
Go to Top of Page

Ardent Listener
Administrator



USA
2595 Posts
Posted - 08/13/2008 :  20:58:10  Show Profile Send Ardent Listener a Private Message  Reply with Quote
It wasn't all that long ago when production of zinc couldn't keep up with demand. Was it really being held back from the market or was it over bought back then?


Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so.
Go to Top of Page
  Previous Topic Topic Next Topic  
 New Topic  New Poll New Poll
 Reply to Topic
 Printer Friendly
Jump To:
http://realcent.forumco.com © 2000-08 ForumCo.com Go To Top Of Page
This page was generated in 0.41 seconds. Snitz Forums 2000
RSS Feed 1 RSS Feed 2
Powered by ForumCo 2000-2008
TOS - AUP - URA