Zinc Oxide Plants Resume Production Continuously, Weekly Operating Rates Continue to Rebound [SMM Zinc Oxide Weekly Review]

SMM February 14 News: This week, the operating rate of zinc oxide was 52.77%, up 19.14% WoW. Raw material side, zinc prices first fell and then rose during the week, prompting some zinc oxide factories to purchase and restock at lower prices, leading to an overall increase in raw material inventories. Finished product inventories, after the Lantern Festival, as zinc oxide factories gradually resumed operations, the finished product inventories of enterprises grew MoM. Orders side, tyre factories steadily resumed production, and new orders for rubber-grade zinc oxide were gradually released. It is expected that with the concentrated procurement and restocking by tyre factories, rubber-grade zinc oxide orders may increase MoM next week. Ceramics side, dragged by weak end-user downstream consumption, orders for ceramic-grade zinc oxide were average, causing some manufacturers to delay resumption of production. Feed side, post-holiday feed-grade zinc oxide orders remained stable, with some large factories still fulfilling pre-holiday orders. Operating side, the resumption pace of zinc oxide factories continued to advance during the week, significantly boosting the weekly operating rate. It is expected that with the increase in production days, the operating rate of zinc oxide will continue to recover to 58.46% next week. 》Subscribe to view SMM historical spot metal prices