Chinese appetite boosts zinc exports
Nov 09, 2009 | 09:38 AM
| Michael Marley
U.S. exports of zinc scrap registered a 53.5-percent increase in August compared with the previous month as Chinese importers sharply boosted their purchases.
Total shipments rose to 5,634 short tons from 3,671 tons in July, the highest monthly total since October last year, when more than 11,000 tons of zinc scrap left U.S. ports, according to U.S. Commerce Department statistics.
China provided the biggest push to the market, boosting its intake by 62.8 percent to 4,196 tons in August from 2,578 tons the previous month, its highest one-month total since October last year, when the nation took 9,697 tons from U.S. suppliers. Chinese imports of zinc scrap averaged about 7,500 tons per month during 2007 and much of 2008, plunging in the fourth quarter of last year when steel mill production in....
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