US zinc secondary alloys prices decreased in tandem with a fall in LME Zinc on Tuesday.
LME Zinc cash offers fell to $1.35/lb today from $1.36/lb on Jun 8, while the official three-month LME Zinc contract, inched down by $3.50/mt to close at $3,014/mt today.
Buyer sentiment remains mixed over concerns about the volatility in the LME Zinc market. Demand remains stable, but producers are keeping a close eye on raw material costs after reports of China considering curbs to pull down zinc and copper prices in that country pulled down the LME zinc and Comex copper markets today. High raw material prices have kept secondary zinc alloy prices high despite the swings on LME Zinc over the past two weeks.
The weekly Davis Index for Zamak #2 declined by 1.7¢/lb to $1.581/lb delivered US consumer with both Zamak #3 and Zamak #7 slipping by a penny to $1.548/lb delivered, respectively. Zamak #5 inched down by 1.3¢/lb to $1.565/lb delivered.
ZA 8 declined by 0.9¢/lb to $1.599/lb delivered while ZA 27 dropped by 8.1¢/lb to $1.627/lb delivered. The index for ZA 12, moved down by 1.1¢/lb to and $1.622/lb delivered US consumer.