Fewer Enterprises Take Holidays in the Market, Zinc Oxide Operating Rate Declines Slightly [[SMM] Weekly Review of Zinc Oxide]

SMM, April 30:

       This week, the operating rate of zinc oxide was recorded at 58.57%, down 1.2% WoW. On the raw material side, zinc prices maintained a fluctuating trend this week, with most zinc oxide enterprises primarily engaging in just-in-time procurement. However, due to holiday arrangements at some zinc oxide enterprises during the week, raw material inventories increased WoW. Pre-holiday inventory buildup also led to an overall increase in finished product inventories at enterprises. In terms of orders, demand for rubber-grade zinc oxide slowed down due to significant inventory buildup at downstream semi-steel tyre factories, while there was no significant improvement in the overall all-steel tyre market. Orders for ceramic-grade and feed-grade zinc oxide have shown relatively good demand recently. Regarding export orders, enterprises indicated that there has been no significant decrease in overall orders, but most remain somewhat concerned about subsequent end-user export orders. This week, the operating rate of zinc oxide declined slightly as a few enterprises planned to take a 1-5 day holiday during the Labour Day holiday. Next week, with the resumption of production at enterprises on holiday, the operating rate of zinc oxide is expected to rise to 59.62%.

  》Click to view the SMM Metal Industry Chain Database