SMM March 14 News:
This week, the operating rate of die-casting zinc alloy recorded 57.64%, up 3.39 percentage points WoW. Inventory side, zinc prices continued to rise this week, while downstream stocking demand remained weak, and raw material inventories were basically flat WoW. Regarding finished product inventories, some major enterprises adjusted their stocking strategies due to favorable terminal orders and the humid weather in south China, leading to a reduction in finished product inventories. For terminal orders, major die-casting zinc alloy enterprises saw sustained procurement enthusiasm, particularly in electronic product orders such as optical modules and electronic components. Orders for small hardware like luggage zippers and automotive parts remained relatively stable, while hardware orders related to real estate showed signs of recovery. On export orders, those to Southeast Asian countries showed little change, while orders to Europe and the US fluctuated downward. Currently, zinc prices have slightly increased, and downstream consumption enthusiasm is gradually recovering. It is expected that the operating rate of die-casting zinc alloy enterprises may slightly rise further to 59.25% next week.
