As follows...----------------In discussion with a few zinc...

As follows...
----------------
In discussion with a few zinc traders about the ins over the last few days, we mostly agree that 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. We are of course only speculating without positive confirmation. Nevertheless, we see the build as unique and temporary. 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