Is Zinc Downstream Consumption Improving in Mid-March? [SMM Analysis]

SMM March 14 News:

        Zinc prices rose significantly during the week, with the operating rates of the three major zinc downstream sectors showing mixed performance. Among them, galvanising enterprises were affected by environmental protection-driven production restrictions, leading to a slight decline in operating rates WoW. Die-casting enterprises saw better order performance recently, with downstream consumption gradually recovering, driving a rebound in die-casting operating rates. Zinc oxide enterprises experienced an increase in operating rates mainly due to the resumption of production, and orders in sectors such as ceramics also showed some recovery, while other sectors remained relatively stable. It is expected that as environmental protection-driven production restrictions in northern regions are gradually lifted and end-use consumption continues to recover, zinc downstream operating rates will further increase later this month.

(The above information is based on market data collection and comprehensive evaluation by the SMM research team. The information provided herein 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.)

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