Steel Products Prices North America
February 6, 2020
CRU: Chinese Zinc Market Feels the Impact of Novel Coronavirus
Written by Dina Yu
By CRU Senior Analysts Dina Yu and Helen O’Cleary, from CRU’s Zinc Monitor
The outbreak of novel coronavirus (2019-nCoV) in Wuhan has delayed the post-New Year restart in most Chinese mainland provinces, with the exception of Tibet, Xinjiang and Gansu. Sadly, the death toll and infection rate continue to rise, so restrictions remain in place in a bid to contain the spread. While businesses in Jinlin and Qinghai restarted on Feb. 3, the shutdown in most provinces will continue until Feb. 10. Businesses in Tianjin remain closed and a restart date has yet to be set, while in Hubei, where the outbreak originated, businesses have been told to remain closed until Feb. 14.
