SHANGHAI, Oct. 24 (SMM) – Chinese zinc oxide producers are facing great challenges from capacity surplus and weak demand, Shanghai Metals Market learns at the 2014 Zinc Oxide Trading Conference.
The conference, organized by SMM in Nanjing on Oct. 23, attracted more than 200 people from 60 companies across the industrial chain, such as zinc oxide producers, zinc smelters, tyre manufacturers, etc.
Many small zinc oxide producers have stopped production due to poor orders, slim profits and intensifying environment protection inspections, SMM learnt from the conference.
"Overall utilization rate in the industry will probably fall by around 30% this year," one Henan Province-based zinc oxide producer estimated.
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