Die-Casting Zinc Alloy Operating Rates Continued to Rise, While Market Demand Still Awaited Improvement [SMM Weekly Review of Die-Casting Zinc Alloy]

       This week, the operating rate of die-casting zinc alloy stood at 48.34%, up 15.89 percentage points MoM. Inventory side, although some enterprises received long-term contract deliveries this week, alloy plants in the current market mainly maintained just-in-time procurement, while some enterprises were still in the inventory drawdown phase. As a result, raw material inventory increased only slightly, while finished product inventories declined. This week, die-casting zinc alloy enterprises in the market basically returned to normal production, driving the operating rate higher. Orders side, orders in the Chinese market were mainly in a recovery phase, with demand relatively average. As for export orders, affected by the situation in the Middle East, end-user hardware orders exported to the Middle East declined recently, but given the relatively small overall share, the impact on the market remained relatively limited. Looking ahead to next week, as downstream consumption recovers and enterprise production staff formally return to their posts, the operating rate of die-casting zinc alloy is expected to continue rising and fluctuate around 51.06%.