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

Published: Mar 14, 2025 18:16
[Has Zinc Downstream Consumption Improved by Mid-March?] Zinc prices rose significantly during the week, with mixed performance in operating rates across the three major zinc downstream sectors. Among them, galvanising enterprises were affected by environmental protection-driven production restrictions, leading to certain limitations in operations this week, with related operating rates showing a slight decline WoW.

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.)

                                                                                          》Click to View the SMM Metal Industry Chain Database

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Shanghai Zinc: Futures Zinc Prices Consolidated Higher, Spot Premiums Edged Down [SMM Midday Review]
1 hour ago
Shanghai Zinc: Futures Zinc Prices Consolidated Higher, Spot Premiums Edged Down [SMM Midday Review]
Read More
Shanghai Zinc: Futures Zinc Prices Consolidated Higher, Spot Premiums Edged Down [SMM Midday Review]
Shanghai Zinc: Futures Zinc Prices Consolidated Higher, Spot Premiums Edged Down [SMM Midday Review]
[Shanghai Zinc: Futures Zinc Price Consolidates Higher, Spot Premiums Edge Down] Mainstream transaction prices of #0 zinc were concentrated in the range of 24,370-24,525 yuan/mt today, Shuangyan mainstream transaction prices were at 24,540-24,675 yuan/mt, and #1 zinc mainstream transaction prices were at 24,300-24,455 yuan/mt. In early trading, the market quoted premiums of 0-10 yuan/mt against the SMM average price, while there were no quotes against the futures yet...
1 hour ago
Ningbo zinc: Some traders lowered their quotes, spot trades were sluggish [SMM Midday Review]
1 hour ago
Ningbo zinc: Some traders lowered their quotes, spot trades were sluggish [SMM Midday Review]
Read More
Ningbo zinc: Some traders lowered their quotes, spot trades were sluggish [SMM Midday Review]
Ningbo zinc: Some traders lowered their quotes, spot trades were sluggish [SMM Midday Review]
[Ningbo Zinc: Some Traders Lowered Quotes, Spot Trades Sluggish] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,410~24,535 yuan/mt. The conventional brand in Ningbo was quoted at a discount of 40 yuan/mt against the 2608 contract, and a premium of 30 yuan/mt against Shanghai spot zinc. In the Ningbo region, mainstream quotes were primarily against the 2608 contract..
1 hour ago
Tianjin Zinc: Futures Rebound, Downstream Wait-and-See [SMM Midday Review]
2 hours ago
Tianjin Zinc: Futures Rebound, Downstream Wait-and-See [SMM Midday Review]
Read More
Tianjin Zinc: Futures Rebound, Downstream Wait-and-See [SMM Midday Review]
Tianjin Zinc: Futures Rebound, Downstream Wait-and-See [SMM Midday Review]
[Tianjin Zinc: Futures Rebound, Downstream Mostly Wait-and-See] In the Tianjin market, #0 zinc ingot mainstream transactions were at 24,330-24,540 yuan/mt, Zijin transactions at 24,410-24,540 yuan/mt, and #1 zinc ingot transactions around 24,320-24,460 yuan/mt. Zijin was quoted at a discount of around 30 yuan/mt against the 2608 contract, Huzin was quoted at 25,510 yuan/mt, and #0 zinc ingot was quoted at a discount of 30-110 yuan/mt against the 2608 contract. The Tianjin market was quoted at a discount of around 35 yuan/mt against the Shanghai market.
2 hours ago
Is Zinc Downstream Consumption Improving in Mid-March? [SMM Analysis] - Shanghai Metals Market (SMM)