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    February 20, 2020

    CRU: Zinc Trades Down to $2,110/t as Hubei Extends Shutdown

    Written by CRU Americas

    By CRU Senior Analyst Helen O’Cleary, from CRU’s Zinc Monitor

    Disruption caused by the Covid-19 outbreak has cut Chinese demand and visible stocks have risen sharply, placing downward pressure on prices. In Hubei, where restrictions on the movement of goods and people was due to be lifted tomorrow, the local government has just announced today that these will be extended until March 11. We revised our first-quarter supply and demand numbers for China prior to this announcement and may need to make further downward revisions as the impact of this becomes clearer.

    CRU Americas

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