Average Operating Rate of Die-casting Zinc Alloy Plants Declined as Weak Terminal Demand Sustained

SHANGHAI, Aug 1 (SMM) - The average operating rate of die-casting zinc alloy plants lost 6.92 percentage points to 47.81% last week. The raw material inventory dropped as zinc prices rebounded and enterprises purchased on rigid demand. In terms of operating rates, since the traditional off-season has arrived when the prices of raw materials increased, domestic orders continued to drop. Several large manufacturers in east and central China temporarily suspended the production due to thin orders. As the vast majority of the manufacturers halved the production, the operating rates remained at an extremely low point since a week ago. At present, the information about possible policies to boost the real estate market have come to the fore, but nothing has been translated into concrete efforts to bolster the die-casting zinc alloy industry, hence the weak consumption sustained. The overall finished product inventory declined because some large manufacturers suspended the production last week and focused on consuming the finished products. The average operating rate of die-casting zinc alloy enterprises is expected to remain low this week due to rising raw material prices and weak demand.