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Zinc oxide companies seek for new orders amid the cost pressure

iconApr 14, 2021 09:38
Source:SMM
Traded prices of zinc oxide stood at 20,700-21,200 yuan/mt last week. According to SMM survey data, the operating rate of zinc oxide enterprises last week was 74.27%, an increase of 2.76% from previous week.

SHANGHAI, Apr 14 (SMM) — Traded prices of zinc oxide stood at 20,700-21,200 yuan/mt last week. According to SMM survey data, the operating rate of zinc oxide enterprises last week was 74.27%, an increase of 2.76% from previous week. Production at zinc oxide enterprises gradually recovered last week. Zinc prices fluctuated at highs. The enthusiasm for raw material restocking by enterprises was still not high that stockpiled as required. With the full launch of the second round of the third batch of central ecological and environmental protection inspections, some enterprises in Shanxi, Liaoning, Anhui, Jiangxi, Henan, Hunan, Guangxi, and Yunnan began to restrict production, and output declined slightly. On the whole, orders at zinc oxide enterprises rose slightly and their output trended higher. On demand, the downstream consumption of tyre plants fell short of expectations, with stocks rising, and raw material was restocked as required; orders in the electronics and pharmaceutical industries remained basically normal. However, orders in April were not as bullish as March, and output is expected to decline slightly this week.

Zinc oxide

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