Operating Rates in Zinc Downstream Sectors Plunged a Week Before the Chinese New Year Holiday [SMM Analysis]

SMM, January 24:

This week, the downstream zinc sectors showed consistent trends, with significant declines due to the Chinese New Year break. During the week, a few large galvanizing plants slightly increased their raw material inventory due to stockpiling plans, while the die-casting sector saw a decrease in raw materials MoM due to company closures. Zinc oxide remained relatively unchanged compared to last week. With the Chinese New Year arriving next Wednesday, market consumption is expected to be minimal, and transportation will also be hindered. The operating rate of downstream zinc sectors is expected to drop further.

(The above information is based on market data collection and comprehensive evaluation by the SMM research team. The information provided is for reference only and does not constitute direct investment research advice. Clients should make decisions cautiously and not replace independent judgment with this information. Any decisions made by clients are unrelated to SMM.)

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