lme zn stock increase explanation

deutschman on the 'zinc' thread reckonbs hes been speaking to some zinc traders and they hypothesise an explanation for the recent Zn stockpile builds........

"......the explanation is that the net builds of 2050 and 1650 on Tue and Wed, which ended up mostly in Johor, were to satisfy the production targets for Umicore in Malaysia, which is located just near the Port of Johor. The imports also look like they came from India or Korea as opposed to China, as Singapore stocks still fell -950t yesterday....."

they only see this zinc build as short-term and temporary

and

"...To draw your own conclusions perhaps refer to:

http://www.finezincpowders.umicore.com/ProductionUnits/UmicoreMalaysia/

Note the annual production targets are 11,000t. The fine zinc powder that is produced is primarily for anti-corrosion paint markets in Asia and the Middle East.

End note: Refer to Leapfrog's Commodities corner on the website for weekly and monthly zinc updates at:
http://preview5.awardspace.com/leapfrog.co.nr/commoditiescorner.html...."

thanks deutschman for your informed posts.,

just spreading the good gospel and keeping the peeps informed