U.S. Zinc Buyers Resist Paying Double on 2012 Deals

Reuters reported that zinc producers and traders decided keep promoting for 2012 contract premiums of 7.5 cents per lb.

As quoted in the market news:

Some suppliers have signed fixed-term 2012 contracts for special-high-grade (SHG) and continuous-galvanizing-grade zinc at 7.5 cents per lb and higher over prices on the London Metal Exchange, depending on the delivery location, in line with spot premiums which have risen steadily this year on freight costs and concerns about supply tightness due to warehouse financing deals.

Click here to read the full Reuters report.