According to SMM survey, the average operating rate of zinc oxide enterprises was 63% last week, up 0.8 percentage point from the previous week. Raw material inventories plunged. Tyre-related orders weakened slightly, and orders from other downstream sectors were relatively stable. The overall orders changed little despite high zinc prices.
The typhoon in south China and the Summer FISU World University Games in Sichuan had insignificant impact on zinc oxide plants. Operating rates at zinc oxide plants are expected to change little in the near term despite maintenance in August.
