US zinc secondary alloys prices declined by 1.5-3.5¢/lb on Tuesday in a volatile LME Zinc market. However, business activity remained robust.
LME Zinc cash offers closed at $1.24/lb on Tuesday, down from $1.28/lb last week while the official three-month LME Zinc contract declined by $44/mt from Apr 6 to $2,786/mt today.
The weekly Davis Index for Zamak #2 decreased by 3.5¢/lb to $1.47/lb delivered US consumer. Zamak #3 and Zamak #7 also declined by 3.5¢/lb to settle at $1.44/lb delivered, respectively. Zamak #5 moved down by 3¢/lb at $1.455/lb delivered.
ZA 8 and ZA 12 both fell by by 3.5¢/lb to $1.49/lb delivered and $1.51/lb delivered US consumer, respectively, while ZA 27 inched down by 1.5¢/lb to $1.54/lb delivered.
The drop in zinc alloy prices has given an impetus to already robust business activity with inquiries and purchases increasing at these prices. Suppliers expect demand to remain buoyant given the strength in the steel and construction sectors in the US at present.