Poor Demand Reduces Utilization Rate at China Zinc Oxide Producers in March

SHANGHAI, Apr. 21 (SMM) – Utilization rate at major Chinese zinc oxide producers fell to 51% in March due to poor demand, Shanghai Metals Market survey shows. 

The rate, down from 58% year-on-year, reflects production at 30 domestic zinc oxide producers in Jiangsu, Shandong, Hebei, Shanghai and Liaoning, with annual capacity totaling 422,000 tonnes. 

SMM survey found only 10% of zinc oxide producers reported brisk orders, 20% saw orders largely unchanged, and the remaining 70% felt sales pressures. 

Utilization rate at domestic major zinc oxide producers is expected to rise to 55% in April, SMM foresees.  

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