Fastmarkets proposes to discontinue the pricing of zinc ingot premiums on a cif India basis.
Currently, Fastmarkets prices the following premiums:
Zinc SHG min 99.995% ingot premium, cif dp India, $/tonne Zinc SHG min 99.995% ingot premium, cif dup India, $/tonneThe expansion of production capacity by Hindustan Zinc means there is currently no spot market for imported zinc in India, and nor has there been for much of 2019.
The consultation period for this price discontinuation will end one month from the date of this pricing notice on Tuesday February 11, with changes taking place, subject to market feedback, from February 14.
If you are affected this price discontinuation or to provide feedback please contact
pricing@fastmarkets.com. by February 11. Please
add the subject heading 'FAO: Archie Hunter / Julian Luk India zinc premiums'.
To see all Fastmarkets' pricing methodology and specification documents go to
https://www.fastmarkets.com/
about-us/methodology.