SMM March 28 News: The operating rates of galvanising producers recorded 59.75% this week, down 0.9 percentage points WoW. In terms of raw material inventory, zinc prices continued to fluctuate at high levels this week, downstream purchase enthusiasm was not high, coinciding with the start of new long-term contracts, large plants mainly relied on long-term contracts, and zinc ingot inventory declined. The weekly operating rate decreased, mainly due to: medium-sized enterprises stopped production for maintenance of zinc pots this week, production is expected to resume in early April, affecting the operating rate. In terms of galvanized pipes, ferrous metals prices fluctuated downward this week, actual demand for galvanized pipes still did not improve, traders slowed down the pace of replenishment, overall order shipments weakened, some enterprises reduced production to avoid excessive inventory buildup of finished products, most enterprises produced according to the production schedule, if inventory accumulates too much, there may be plans to reduce production in the future. In terms of galvanized structural parts, orders for steel towers have been gradually implemented by galvanising enterprises, some enterprises' orders can be scheduled until May and June, and export orders for communication towers in south China are also good. The domestic demand for solar panel mounting brackets is currently weak, but export orders to Southeast Asia are robust, orders for guardrails and other products are moderate, next week affected by the Qingming holiday, some enterprises have holiday arrangements, the operating rate may drop to 58.61%.
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