Zinc Prices Pulled Back This Week: How Did Zinc Downstream Sectors Perform? [SMM Analysis]

SMM, February 28: This week, the center of zinc prices declined, while the operating rates of galvanizing and die-casting zinc alloy increased. From the perspective of galvanizing, galvanizing pipe enterprises saw a resurgence of "rush to buy amid continuous price rise and hold back amid price downturn" sentiment after the pullback in ferrous metals prices. Coupled with restocking by end-users, overall production increased. Regarding die-casting zinc alloy, the gradual resumption of production by end-user enterprises, along with the decline in zinc prices, also boosted production. In the zinc oxide sector, as a few enterprises had not resumed operations due to their own reasons, the overall operating rate of zinc oxide remained relatively small. Next week, China is expected to hold the Two Sessions, and whether there will be restrictions related to environmental protection remains to be closely monitored. However, with the improvement in downstream consumption, the operating rates of enterprises in various sectors are expected to increase next week. (The above information is based on market data collection and comprehensive evaluation by the SMM research team. The information provided is for reference only and does not constitute direct investment research advice. Clients should make prudent decisions and not replace independent judgment with this information. Any decisions made by clients are unrelated to SMM.) 》Click to view the SMM Metal Industry Chain Database