Galvanizing enterprises have mostly gone on holiday, and operating rates have significantly declined [SMM Galvanizing Weekly Review]
[Galvanising enterprises mostly on holiday, operating rates drop significantly]: This week, the operating rate of the galvanizing industry was 16.25%, down 22.35 percentage points WoW. From the raw material side, zinc prices mainly fluctuated this week, but most downstream enterprises were on holiday, with pricing being the main activity and fewer cargo pick-ups. However, large plants had basically received long-term contract goods by the beginning of the week, and zinc ingot inventories at galvanising enterprises increased slightly.