China Zinc Market Sees Light Trading ahead of Chinese New Year Holiday, SMM Says

SHANGHAI, Feb. 13 (SMM) – Trading in China’s domestic zinc market came to a standstill as market players exit the market for the upcoming Chinese New Year holiday, Shanghai Metals Market’s survey shows.  

Market supply fell due to tight transportation capacity during the holiday period, while downstream pre-holiday stock replenishment was also limited, according to SMM survey. 

Domestic zinc alloy producers in Henan, Guangdong, Jiangsu and Zhejiang also closed production for the holiday, and tight liquidity conditions cast a shadow over their outlook for post-holiday market.