SHANGHAI, Jun. 19 (SMM) - China’s zinc oxide producers are in no hurry to receive orders due to mid-year cash tightness, SMM zinc group finds.
"Liquidity crunch also undermined their willingness to build stocks”, SMM zinc analyst adds.
Prices of indirect zinc oxide fell from 16,000-16,400 yuan per tonne to 15,600-16,000 yuan per tonne this past week, returning to mid-March level, SMM data show.
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