Galvanising Enterprises Gradually Ramped Up Production This Week, Operating Rates Increased [SMM Galvanising Weekly Review]

SMM, March 6: This week, the operating rates of galvanising producers stood at 39.06%, up 32.22 percentage points WoW. Cost side, zinc prices were mainly volatile this week, transportation returned to normal, long-term contract deliveries from major producers arrived, and enterprises made purchases by pricing at lows, with zinc ingot inventory at galvanising enterprises increasing slightly. The increase in operating rates was mainly because enterprises gradually resumed work. Major producers were basically in a ramp-up pace this week, with workers returning in succession and largely in place, while most small and medium-sized enterprises started operations after the Lantern Festival (March 2), and operating rates rebounded significantly. End-users also resumed work in succession, long-haul transport vehicles returned to normal, and finished product inventories at galvanising enterprises declined. Galvanising enterprises will resume normal production next week, and operating rates are expected to continue to rise to around 54.44% next week.