Operating rate at zinc die-casting alloy producers dips in slack season of Jan

Published: Feb 20, 2019 15:57

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Rate averaged 35.95% in Jan, down 10.93 percentage points from Dec and down 4.19 percentage points from a year earlier

SHANGHAI, Feb 20 (SMM) – Operating rates across Chinese manufacturers of zinc die-casting alloy came in at 35.95% in January, down 10.93 percentage points from December and down 4.19 percentage points from a year earlier, SMM data showed.

Fewer orders in the traditional off-season of January and pre-CNY maintenance at die-casting alloy producers lowered the operating rate as expected. Overall weakness in downstream demand dragged the rate from a year ago.

For February, CNY breaks are expected to expand decline in the operating rate, by 8.41 percentage points from January, to 27.54%. Mills of zinc die-casting alloy usually closed for more than eight days this month, due to a lack of orders in hand and remaining in-plant inventories of finished products.

On a yearly basis, operating rate is likely to stand slightly higher this month given a low base in February 2018.

Operating rates Zinc die-casting

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