SHANGHAI, Jun 27 (SMM) -
The average operating rate of die-casting zinc alloy decreased by 2.61% to 57.72% last week.
In terms of raw material inventory, some manufacturers purchased on the dip after zinc prices fell, while the other manufacturers purchased raw material after their orders were confirmed. Raw material inventory rose slightly.
In terms of operating rates, as raw materials prices fell earlier, some large manufacturers purchased on dips, and maintained production to consume the inventory last week, with the operating rates of some manufacturers increasing slightly.
However, due to the sluggish export orders and the slow recovery of the domestic property market, orders for locks and sanitary ware were extremely poor, especially for locks. Operating rates of most lock manufacturers in Guangdong were less than 30%. In general, operating rates of die-casting zinc alloy factories fell slightly.
In terms of finished goods inventory, as the prices fell constantly, some terminal customers refrained from purchasing, hence the finished goods inventory continued to rise last week.
It is expected that operating rates of die-casting zinc alloy enterprises may fall slightly affected by the poor terminal orders and increasing finished products inventory this week.