Zinc: Recovery attempt, but can it last?

Galvanised steel key trends and outlook
While base metals prices appear more stable, our latest Galvanized Steel and Tinplate Market Tracker, suggests the outlook for HDG prices is looking increasingly gloomy amid weakening end-use demand indicators even in the automotive sector, which has been very robust in recent years.

Chinese domestic demand growth slows; exports feel the pinch

While prices appear to have stabilized across Asian markets in recent weeks, the outlook remains worrying. In China, margins for HDG production have remained relatively flat on the export market amid rising US-China trade tensions as well as US trade measures against Turkey, Vietnam, and China. Chinese producers as a result find themselves increasingly turning to the domestic market to achieve higher prices and...