Down over 20 percentage points MoM, Die-Casting Zinc Alloy Enters Chinese New Year Lull [SMM Die-Casting Zinc Alloy Weekly Review]

       This week, the operating rate for die-casting zinc alloy recorded 21.6%, down 20.82 percentage points MoM. Inventory side, most alloy plants have entered the holiday period, coupled with zinc prices still fluctuating at highs, downstream enterprises' purchase willingness remained weak, leading to a decrease in raw material inventory, while finished product inventories increased due to a slowdown in warehouse withdrawals. Order side, die-casting zinc alloy end-users have basically entered the holiday state, with orders across various sectors showing obvious Chinese New Year off-season characteristics. This week, the operating rate for die-casting zinc alloy dropped significantly, mainly due to concentrated holidays at large plants during the week, causing a sharp decline in the operating rate. Next week is expected to see remaining producing enterprises also arranging holidays successively by the weekend, with the die-casting zinc alloy operating rate further decreasing to fluctuate around 0.39%.