SMM Express: Zinc Oxide Operating Rate Rises; Inventories Decline Amid Cost Pressures

Published: Oct 17, 2025 18:36

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[SMM Express] The operating rate for zinc oxide this week was 57.13%, up 1.05 percentage points WoW. Inventory side, affected by the recent increase in zinc slag and low-grade zinc oxide payables, enterprises faced significant cost pressure in addition to difficulties in raw material procurement. Raw material inventory decreased WoW. Finished product inventories side, some large plants had a fast shipment pace but faced challenges in raw material procurement, leading to a WoW decline in finished product inventories.

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