Zinc prices continued to fluctuate at high levels, and downstream zinc operations weakened [SMM Analysis]

This week, zinc prices continued to fluctuate at high levels, and downstream operations weakened. The operating rate of galvanizing producers slightly declined mainly due to a slight decrease in orders amid the ferrous metal market's pullback this week and some companies in Tianjin undergoing environmental protection upgrades. The operating rate of die-casting zinc alloy producers was mainly affected by zinc prices, with orders weakening. Companies primarily consumed inventory, resulting in a decline in the operating rate. The operating rate of zinc oxide producers remained stable, but some companies underwent maintenance, affecting operations.