Steel Products Prices North America
April 16, 2020
CRU: Zinc’s Price Off Lows as China Emerges from Lockdown
Written by Helen O’Cleary
By CRU Senior Analyst Helen O’Cleary, from CRU’s Zinc Monitor
As the Chinese market gradually emerges from its Covid-19 lockdown and businesses and individuals start to return to normal, acute outbreaks of the virus across the world mean that many countries are still operating under severe restrictions. Even as China attempts to reinvigorate domestic demand, export market weakness threatens to hamper its economic recovery. At the time of this writing, the relaxation of restrictions in Spain and Italy is helping to keep zinc’s price just above $1,900/t, but the extension of lockdowns in countries such as India, Canada, Mexico and Peru and a reluctance by many others to give a date for even a tentative return to normal means recent gains could easily be eroded.
