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Equipment Maintenance Completed and Enterprises Resumed Production, Driving the Operating Rate of Die-Casting Zinc Alloy Higher This Week [SMM Weekly Review on Die-Casting Zinc Alloy]
Dec 27, 2024, at 9:21 am
[Operating Rates of Die-Casting Zinc Alloy Producers Rose This Week as Equipment Maintenance Ended and Enterprises Resumed Production] This week, the operating rate of die-casting zinc alloy producers in Guangdong recorded 56.06%, up 1.75 percentage points WoW. Regarding raw materials...
SMM, December 24: This week, the operating rate of die-casting zinc alloy in Guangdong recorded 56.06%, up 1.75 percentage points WoW.
Raw material side, zinc prices continued to rise this week, leading to heightened caution among enterprises, with most opting for just-in-time procurement. Meanwhile, some companies remained cautious about future consumption, primarily making purchases based on actual orders, resulting in a slight decrease in raw material levels.
The increase in the operating rate of die-casting zinc alloy this week was mainly attributed to two factors. First, some major factories resumed production after completing equipment maintenance this week, driving the operating rate upward. Second, the tight spot supply last week led some companies, which primarily consumed finished product inventories last week, to resume production this week, boosting overall production.
In terms of actual orders, some enterprises reported a weakening of downstream orders across various sectors as the year-end approached. Previously strong orders for automotive parts and electronic products have also gradually weakened, while the real estate hardware sector showed no improvement.
Zinc prices are currently hovering at highs, and with the year-end approaching, the operating rate of die-casting zinc alloy is expected to slightly decline next week.
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