[Zn Oxide]Zinc Oxide Producers Reduce Raw Materials Purchase

Published: Jun 12, 2015 16:52

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Domestic zinc oxide producers refrained from purchasing raw materials this week due in large part to their bearishness toward zinc market, SMM zinc analyst finds.

SHANGHAI, Jun. 12 (SMM) - Domestic zinc oxide producers refrained from purchasing raw materials this week due in large part to their bearishness toward zinc market, SMM zinc analyst finds.

Cash tightness and weak demand are also believed to have undermined their willingness to build raw materials, the analyst adds.

Prices for indirect zinc oxide remained between 16,000-16,500 yuan per tonne the week ending June 12, SMM data show.

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