Customs authorities in China have required all non-essential goods which have been loaded on vessels for export after March 27 to be unloaded. The decision is based on lockdowns in various countries, which may mean that the cargo will not be accepted by the customers.
The export suspension is expected to last for one to two months.
A large zinc alloy producer in Guangdong said that recent export orders were “very weak’. Other zinc alloy producers also reported cancellations of some of their export orders.