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Zinc oxide reports further falls in 1992
- Article from:
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China Chemical Reporter
- Article date:
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January 1, 1992
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Copyright informationCOPYRIGHT 1992 CNCIC Chemdata Co. Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Zinc oxide saw a worsening of the declining market in 1992 with the price sliding. The main factors resulted in the sluggish market are as follows: 1. Oversupply of tyre and rubber products which results in slow selling and inventory pile-up of the products. Too many small-scale plants acquired capacities which are beyond the State plan and these small-scale plants in turn exerted an impact on the enterprises under State plan; 2. The ever lower export price in 1992 and the issuance of new foreign trade policies resulted in a dumping of a large amount of zinc oxide on the domestic market instead of going abroad; ...
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