Zinc scrap prices in the US were unchanged on Thursday amid weak demand and feeble supply.
The weekly Davis Index for zinc galvanizers bottom dross was flat at 73¢/lb delivered US consumer, while the index for zinc galvanizers top dross remained at 68¢/lb delivered on Thursday. The Davis Index for new zinc diecast also remained at 62¢/lb delivered, while the special high-grade zinc premiums held at 8.5¢/lb delivered.
Market participants anticipate some movement next week as stay-at-home orders ease in some states across the US and scrapyards reopen for business. However, the movement will remain in a narrow range, as zinc supply from mines could take some more time to enter the market because of delayed restarts, according to some market participants.
The three-month LME zinc contract closed Thursday at $1,936/mt, up by $68/mt from $1,868/mt on April 23.