The operating rate of zinc oxide this week was recorded at 59.77%, down 1.01% WoW. Currently, tyre factories are experiencing poor orders, and overcapacity is continuously compressing corporate profits. Tyre companies are seeing significant inventory buildup, and the demand for rubber-grade zinc oxide is weakening. The market demand for ceramic-grade zinc oxide remains relatively stable. In terms of feed-grade zinc oxide, overall orders are also relatively normal, but the recent severe epidemic diarrhea in the pig market may impact future feed-grade zinc oxide orders. Regarding export orders, the "rush to export" in the end-use market is not significant recently. On the contrary, tyre orders have weakened due to tariff issues.