Metals News
[Zn] Today Flow of Goods in Guangdong, Shanghai Decreases
industry news
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Nov. 20 (CBI China) -- Today the flow of goods in Shanghai and Guangdong is not optimistic, but due to different reasons: it is not downstream consumers reluctant to purchase, it is the producers and traders unwilling to move goods, causing decrease in flow of goods in both cities.  Though production cut at domestic and overseas producers were reported now and then, the market seemed “get used to” it and performed weak. Other domestic policies, such as increasing VAT and breaking trade barriers for some zinc-related products in downstream, did not arouse much of interest in zinc spot market. It is thus evident the market is expecting real demand instead of supply!

 

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