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The Operating Rates at Galvanising Plants Stabilised, and to be Suppressed by Environmental Protection Measures in Hebei this Week
Dec 7, 2021 11:50CST
Source:SMM
The prices of zinc ingots remained fluctuating last week. Companies held a strong wait-and-see sentiment due to sufficient supply in the market, and they restocked on rigid demand.

SHANGHAI, Dec 7 (SMM) – The prices of zinc ingots remained fluctuating last week. Companies held a strong wait-and-see sentiment due to sufficient supply in the market, and they restocked on rigid demand.

Steel prices rebounded slightly, but the market still held bearish outlook. End-users maintained proper restocking, and the operating rates were relatively stable. The production has been cut approaching the weekend due to the second-level air pollution warning in Tangshan of Hebei, which suppressed the operating rates. East China saw less heavy air pollution, and companies maintained normal production. Some companies in south China have poor sales due to product structure problems, resulting in a cumulative increase in finished product inventory. The operating rates at galvanising producers are expected to decrease further amid environmental protection restrictions in Hebei.

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