Some Major Manufacturers Actively Produce Zinc Oxide, Weekly Operating Rates Remain High [SMM Zinc Oxide Weekly Review]

SMM, January 17: This week, the operating rate of zinc oxide was 65.61%, up 0.58% WoW. Raw material side, some zinc oxide enterprises are expected to start their holiday next week, and the raw material inventories purchased earlier have been continuously processed into finished zinc oxide products, leading to a decline in raw material inventories. Finished product side, with domestic logistics about to halt, zinc oxide factories have recently been actively delivering to downstream end-users, resulting in a significant reduction in finished product inventories for some enterprises. Orders side, recent stockpiling orders for rubber-grade zinc oxide have not been fully digested, with some large factories still actively producing. However, as some tyre factories started their holidays earlier, related orders are expected to gradually decrease. In the feed sector, the pre-holiday consumption peak continues to boost feed-grade zinc oxide orders, with production schedules for some manufacturers extending into the post-holiday period. Orders for electronic-grade zinc oxide remain stable, while those for ceramic-grade zinc oxide continue to perform poorly. Operating side, some large factories, having received substantial stockpiling orders earlier, were still rushing to meet deadlines this week, keeping the weekly operating rate of zinc oxide relatively high. However, as zinc oxide enterprises gradually begin their holidays, the operating rate is expected to decline significantly next week.

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