US zinc secondary alloys prices increased by 1-2¢/lb during the week amid rising LME Zinc prices.
LME Zinc cash offers closed at $1.297/lb up from $1.2787/lb last week while the official three-month LME Zinc contract rose by $39.50/mt from Feb 16 to $2,877/mt on Tuesday.
The weekly Davis Index for Zamak #2 increased by 2¢/lb to $1.515/lb delivered US consumer. Zamak #5 climbed by 1.5¢/lb to $1.495/lb delivered, while both Zamak #3 and Zamak #7 grew by 2¢/lb to $1.485/lb delivered.
ZA 8 and ZA 12 also increased by 2¢/lb to $1.535/lb delivered and $1.555/lb delivered US consumer, respectively while the index for ZA 27 inched up by a penny to $1.575/lb delivered.
Producers are receiving more inquiries as LME Zinc prices stabilize. However, purchases remain muted as buyers are hoping for prices to drop before placing their orders. Zinc alloys supply has also been impacted by last week’s inclement weather across the US making it difficult for some suppliers to fulfill orders.