Galvanized Plate Prices Fall despite Gains in Raw Materials

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.

Major quotes for galvanizing slag on September 28 are as follows:

Tangshan’s government announced a 50 per cent cut at local shaft furnaces and sintering units from September 25 after medium-level air pollution, or even short-time high-level pollution forecast. 

Major quotes for galvanizing slag on September 14 are as follows:

Major quotes for galvanizing slag on September 11 are as follows:

Major quotes for galvanizing slag on August 22 are as follows:

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

An 800,000-tpy galvanized strip steel project is being built in Qian’an, Tangshan City, Hebei Province for now.

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

China’s iron ore inventories grew this past week, bringing the second-straight-week decline to an end.