China's burgeoning Covid-19 outbreak and the impact on metals trade

China’s Tianjin, a major port city near Beijing, started city-wide testing for Covid-19 on Sunday January 9 after more local cases of the Omicron variant were detected there.

This is just the latest in a string of Covid-19 outbreaks in bellwether China, a key nerve point for metals trading with other parts of the world, where a number of major cities are reporting a resurgence in infections.
Shaanxi capital Xi'an remains in a lockdown after three weeks, while tech hub Shenzhen has implemented strict control measures after a third case was reported recently. Henan capital Zhengzhou city is also implementing partial lockdowns after reporting 42 new cases on the morning of January 8.
Logistics have been impacted, especially at Tianjin port, while the 2022 Winter Olympics slated to start in Beijing from February 4 has made market participants pessimistic about any loosening of movement controls in the near term. 
Ore, alloys

Tianjin port hosts the majority of the country’s chrome ore and manganese ore imports, with current stock levels for chrome and manganese ore estimated at around...

Published

Jessica Zong

Sybil Pan

Sally Zhang

Ruby Liu

Siyi Liu

Jessica Long

Liz Ng

Jinfan Yang

January 10, 2022

13:49 GMT

Shanghai