Pre-Lunar New Year re-stocking abated in the week to Thursday January 23 with all Shanghai Futures Exchange base metals' deliverable stocks, bar lead, subject to increases while the growing Coronavirus outbreak pressures demand for material.
Analysts expect demand to continue to wane throughout January while restrictions put on travel in an effort to contain the virus, which has killed 17 people and infected many more, dampen the anticipated post-Chinese-New-Year construction boom. "Chinese authorities will shut down the transport networks of Wuhan, the...