Zinc premiums in Singapore and Malaysia have dropped to their lowest annual level - and since Fastmarkets began assessing the market - while stocks begin to pile up in regional warehouses, trading sources said.
Fastmarkets assessed the zinc SHG 99.995% ingot premium, fca Singapore at $85-95 per tonne on Tuesday August 11, down from $90-100 per tonne the week previously and $100-110 per tonne at the start of the year.Zinc demand in Southeast Asia has been weak since the beginning of this year but market observers...