SMM January 3 News:
This week, zinc downstream consumption showed mixed performance. The production of galvanizing and zinc oxide declined as the weather gradually turned colder, the year-end approached, and some end-user orders entered the off-season, coupled with enterprise holidays, leading to a decrease in the operating rate. In contrast, the production of die-casting zinc alloy increased this week, driven by the completion of equipment maintenance at some major factories and the resumption of production at certain enterprises, resulting in an upward trend in the operating rate.

![Zinc de Tianjin: Los precios del zinc repuntan, la demanda downstream se mantiene cautelosa [Comentario de mediodía de SMM]](https://imgqn.smm.cn/usercenter/tAyyp20251217171754.jpg)
![Zinc de Guangdong: El centro de futuros sube, el mercado al contado sigue tranquilo [Comentario de mediodía de SMM]](https://imgqn.smm.cn/usercenter/XrnKf20251217171755.jpg)
![Zinc de Shanghái: Reaparece el temor de los compradores a los precios altos y el ánimo de negociación en el mercado es débil [Comentario de mediodía de SMM]](https://imgqn.smm.cn/usercenter/kdRPs20251217171754.jpg)
