Traffic Restrictions affect Galvanized Tube Consumption in Hebei

Market focus this week include: the annualised reading of new housing starts in the United States in August, the initial value of the manufacturing PMI in the Eurozone in September, and the initial value of the Markit manufacturing PMI in the United States in September; China's one-year loan market quotation interest rate as of September 22. In terms of events, FOMC will announced the interest rate resolutions this Thursday; the Fed Chairman Powell will hold a press conference; and the European Central Bank will announces an economic bulletin.

SMM learned that in order to ensure good air quality, the inspection team of Ministry of Environmental Protection settled in North China on Nov.27th.

Major quotes for galvanizing slag on October 27 are as follows:

Major quotes for galvanizing slag on September 6 are as follows:

Many zinc traders contributed the surge in zinc market mainly to two factors, 21st Century Business Herald reported. 

Galvanized plate sales by South Korea’s top 5 producers of such products reached 378,200 tonnes in June, up 3.9% on a yearly basis. Exports were 263,900 tonnes, up 13.2% on a yearly basis.

The price spread between domestic and imported zinc has narrowed recently, SMM noted.

Some galvanizers in North China were restricted by strip steel supply shortages, SMM understands. They began to suspend production lines and cut output from July 1.

Baogang Group International Economic Trading Corp. signed its first order of galvanized products to East Africa, csteelnews.com reported.

The galvanizing industry is the main driver for zinc demand, SMM reported at the 2016 China Cast Industry Summit.