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Home / Metal News / With the Chinese New Year holiday approaching, how has zinc oxide performed recently? [SMM Analysis]

With the Chinese New Year holiday approaching, how has zinc oxide performed recently? [SMM Analysis]

iconJan 17, 2025 20:18
Source:SMM
[SMM Analysis: How Has Zinc Oxide Performed Recently as the Chinese New Year Holiday Approaches?] According to SMM, many zinc oxide companies are expected to gradually begin their holiday break starting next week. How have zinc oxide companies performed recently before the peak holiday period? What expectations lie ahead after the holiday...
According to SMM, many zinc oxide enterprises are expected to start their holiday next week. How have zinc oxide enterprises performed recently before the peak holiday season? What expectations are there for the post-holiday period? Rubber Sector. According to SMM, total automobile production in 2024 reached 31.28 million units, up 3.70% YoY, showing strong overall performance. As January approaches the Chinese New Year holiday, some enterprises continue to release stockpiling orders, and some large factories are rushing to meet deadlines due to abundant orders. Recently, orders for rubber-grade zinc oxide have performed well. However, as tyre factories gradually enter the holiday period, related zinc oxide orders are expected to weaken. Ceramics Sector. As year-end weather turns colder, outdoor construction projects are gradually wrapping up, and some ceramic factories have started their holiday. With a significant reduction in end-use demand, some ceramic-grade zinc oxide factories began halting production as early as December, leading to a seasonal decline in related zinc oxide orders. It is expected that as demand gradually recovers after the holiday, related zinc oxide orders may rebound. Feed Sector. As the Chinese New Year approaches, the year-end peak season for pork consumption has arrived. In January, hog prices rebounded from low levels, and the overall demand recovery has boosted feed-grade zinc oxide orders. Recently, feed-grade zinc oxide orders have continued to perform well, with some large factories scheduling orders for post-holiday production. Electronics Sector. By mid-January, some electronics-grade zinc oxide enterprises had started their holiday, but end-use demand remained strong. Recently, production activity for other zinc oxide orders has remained relatively stable. Overall, before the holiday, zinc oxide orders across various sectors showed mixed trends, with overall orders remaining relatively robust. However, as end-user enterprises gradually enter the holiday period, zinc oxide orders and production activities are expected to decline significantly. For SMM Lead and Zinc Industry Data Package, please contact: Penghui Tang Phone: 15008461791

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