Futures Market Decline Boosted Downstream Purchasing Sentiment Die-Casting Zinc Alloy Operating Rate Rose This Week [SMM Die-Casting Zinc Alloy Weekly Review]

게시됨: Mar 21, 2025 15:18
Futures market decline boosted downstream purchasing sentiment, die-casting zinc alloy operating rate increased this week. The operating rate of die-casting zinc alloy reached 58.1%, up 0.46 percentage points WoW. Inventory side, with the center of zinc prices moving downward this week, die-casting zinc alloy enterprises restocked at lower prices, leading to a relatively large increase in raw material inventory MoM; regarding finished product inventories, although end-users also restocked at lower prices this week, zinc oxide enterprises largely maintained a production-sales balance, resulting in relatively small changes in finished product inventories...
SMM March 21 News: This week, the operating rate of die-casting zinc alloy was recorded at 58.1%, up 0.46 percentage points MoM. In terms of inventory, with the center of zinc prices moving downward this week, die-casting zinc alloy enterprises restocked at lower prices, leading to a relatively significant increase in raw material inventory; for finished product inventories, although end-users also restocked at lower prices, zinc oxide enterprises basically maintained a balance between production and sales, resulting in relatively small changes in finished product inventories. The rise in the operating rate of die-casting zinc alloy was due to two factors: on one hand, enterprises that had previously halted production to consume inventory resumed normal operations during the week, and on the other hand, low prices stimulated terminal procurement demand. In terms of actual orders, recent feedback from enterprises indicated that furniture accessory orders were generally mediocre, and overall demand did not significantly improve despite the lower prices. At the same time, market price competition was intense, posing a potential risk of order loss. Orders for daily-use hardware items such as luggage zippers remained relatively stable, with more active demand this week. Influenced by the decline in zinc prices, overall market demand improved this week but still did not reach peak season levels. It is expected that the operating rate of die-casting zinc alloy may slightly increase to around 58.37% next week.

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