[End-Use Consumption Gradually Recovers, Zinc Oxide Operating Rate Rises This Week] This week, the operating rate of die-casting zinc alloy recorded 54.78%, up 9.53 percentage points WoW. Raw material side, zinc prices overall maintained a fluctuating trend this week, with the center moving upward at the end of the week. Enterprises' just-in-need raw material inventory remained basically flat WoW...
SMM, February 21: This week, the operating rate of zinc oxide recorded 57.68%, up 4.91% WoW.
Raw material side, zinc prices saw an overall upward trend this week, leading to a decline in stocking demand for high-priced purchases by zinc oxide enterprises, with restocking mainly based on rigid demand, resulting in a reduction in raw material inventories.
Finished product inventories, as some enterprises are still delivering pre-holiday orders and downstream demand has improved for certain companies, saw a slight decrease.
Orders side, tyre factories continued to resume production. However, recent all-steel tyre orders slightly declined due to intensified market competition compressing corporate profits, while semi-steel tyres remained relatively stable. In ceramics, whether daily-use ceramics or building ceramics, the overall recovery trend in end-user orders remains unchanged. In feed, the overall recovery pace was relatively normal, with subsequent attention needed on policies in the hog market.
Operating rate side, this week saw an increase as large factories resumed production and gradually normalized operations last week. With the gradual recovery of end-use consumption, the operating rate of zinc oxide enterprises is expected to reach 58.84% next week.
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