PDI's zinc outlook murky on back of unfavourable prices | Bangkok Post: business

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PDI's zinc outlook murky on back of unfavourable prices

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TAK : The SET-listed Padaeng Industry Plc (PDI), Southeast Asia's sole zinc smelter, says its financial performance has remained weak in the second quarter, as zinc prices are unprofitable. 

Zinc die-casting alloys are stacked in Padaeng Industry’s zinc smeltering factory in Tak’s Mae Sot district. PATHOM SANGWONGWANICH

Managing director Francis Vanbellen said the company's first-quarter net profit was generated mainly from hedging on zinc prices at US$2,141 a tonne. Baht appreciation against the US dollar reduced the zinc price in local currency by 4%.

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