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SHANGHAI, Jun. 20 (SMM) – Average operating rate at Chinese zinc oxide producers is expected to fall further in June from 60.1% in May as a low-demand season sets in, Shanghai Metals Market foresees.
In May, the average operating rate at domestic zinc oxide producers dropped to 60.1% from April’s 60.8%, according to SMM survey of producers mainly Jiangsu, Shandong, Hebei, Shanghai and Liaoning. The decline was due mainly to tight liquidity and firm prices of zinc slag from environment protection inspections, especially in north China.
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