End-Use Consumption Showed Mediocre Performance, Die-Casting Zinc Alloy Production Declined [SMM Die-Casting Zinc Alloy Weekly Review]

The operating rate of die-casting zinc alloy was recorded at 51.88% this week, down 0.26 percentage points WoW. Zinc prices overall fluctuated at highs during the week, with downstream buyers picking up goods on dips, enterprise raw material inventories edging up slightly, and finished product inventories remaining stable. The decline in die-casting zinc alloy operating rates this week was mainly due to the recent slowdown in end-use demand, which led some die-casting zinc alloy enterprises to slow down their production pace. Currently, end-use consumption has entered the traditional off-season, and with raw material prices at elevated levels, downstream players mostly made just-in-time procurement, with overall stockpiling enthusiasm being insufficient. By sector, dragged down by the sluggish property market, construction hardware demand was mediocre, while auto parts, home appliance, and daily hardware orders also showed lackluster performance. Looking ahead to next week, the operating rate of die-casting zinc alloy is expected to pull back further, fluctuating around 51.58%.