Market Performance Mixed, Zinc Oxide Operating Rates Rise [SMM Zinc Oxide Weekly Review]

Published: Oct 16, 2026 15:40 (GMT+8)

Save

[Uneven market performance, zinc oxide operating rates rise] End-user side, demand in the automotive and tire industries is mediocre; feed-grade zinc oxide has ended its pre-National Day stockpiling trend, and current demand is subdued......

This week, the zinc oxide operating rate was 54.98%, up 0.26 percentage points WoW. This week, raw material prices declined, driving enterprise raw material inventory up WoW. The zinc oxide operating rate rose this week, mainly due to the gradual release of capacity at some enterprises, pushing production to edge up. End-use demand side, demand from the automobile and tire industries was mediocre; feed-grade zinc oxide ended its pre-National Day stockpiling and demand is currently subdued; ceramic-grade zinc oxide end-use demand was ordinary, while electronic-grade zinc oxide demand showed relative resilience. Low-price competition in the market remained intense, and some enterprises, pressured by profits, implemented certain production controls. Looking ahead to next week, the zinc oxide enterprise operating rate is expected to fluctuate around 54.9%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

Supply-side support lends some strength, SHFE zinc rebounds slightly [SMM zinc futures review]

[Supply-side support lends some strength, SHFE zinc rebounds slightly] The most-traded SHFE zinc 2612 contract opened at 25,390 yuan/mt. After the open, SHFE zinc drifted higher, hitting a low of 25,330 yuan/mt in early trading and a high of 25,595 yuan/mt during the session, before closing up at 25,440 yuan/mt, up 65 yuan/mt, or 0.26%. Trading volume increased to 48,690 lots.....

12 hours ago

Zinc Price Center Declines, Guangdong Premiums Rise [SMM Guangdong Spot Weekly Review]

[Zinc price center declines, Guangdong premiums rise] This week, Guangdong premiums rose by 20 yuan/mt WoW. As of this Friday, mainstream #0 zinc in Guangdong was quoted at a premium of 20-40 yuan/mt against the market.....

12 hours ago

13 hours ago

SHFE/LME zinc price ratio rebounds to around 6.9 and consolidates [SMM Zinc SHFE/LME Price Ratio Weekly Review]

[SHFE/LME price ratio rebounds to around 6.9 and consolidates]: This week, the SHFE/LME price ratio rebounded to around 6.9, with the SHFE and LME price ratio seeing some recovery. Ex-China, US inflation data beat expectations, market expectations for US Fed interest rate hikes heated up, and the US dollar index rose to its highest level since May 2025, weighing on LME zinc.

13 hours ago