[SMM Flash News] This week, the operating rate of zinc oxide was

Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Battery Separator Electrolyte Other Materials Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

NewsFlash / Zinc / Zinc Oxide Operating Rate Declines Slightly Due to Holiday Impact, But Expects Recovery Next Week

Zinc Oxide Operating Rate Declines Slightly Due to Holiday Impact, But Expects Recovery Next Week

Apr 30, 2025 17:21

Source:SMM

[SMM Flash News] This week, the operating rate of zinc oxide was recorded at 58.57%, down 1.2% WoW. This was mainly due to the impact of holidays taken by enterprises during the week. In terms of orders, demand for rubber-grade zinc oxide slowed down due to significant inventory buildup at downstream semi-steel tyre factories, while the overall situation for all-steel tyres has not shown notable improvement. Orders for ceramic-grade and feed-grade zinc oxide have seen 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 by enterprises on holiday, the operating rate of zinc oxide is expected to rise to 59.62%.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Dear Visitors, Please be informed that our English website will suspend news updates during the upcoming Labour Day holiday. This suspension will be in effect from May 1 to May 5.

Apr 30, 2025 23:59

Industry

Data: SHFE, DCE market movement (Apr 30)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 30 Apr, 2025

Apr 30, 2025 15:52

Analysis

Data: SHFE, DCE market movement (Apr 30)

Capital Exits Before Holiday, SHFE Zinc Falls During Daytime [SMM Zinc Futures Brief Comment]

["[Capital Exits Before Holiday, SHFE Zinc Falls During Daytime Trading]: The most-traded SHFE zinc 2506 contract opened at 22,560 yuan/mt. Early in the session, SHFE zinc reached a high of 22,575 yuan/mt. After the opening, SHFE zinc fluctuated downward throughout the session, hitting a low of 22,345 yuan/mt near the close. It eventually closed at 22,440 yuan/mt, down 110 yuan/mt..."]

Apr 30, 2025 15:46

Selected News

Pre-holiday inventory replenishment coupled with fewer arrivals led to a continued decline in social inventory [SMM Weekly Review of Spot Zinc Ingot Inventory]

["[Social inventory continues to decline due to pre-holiday inventory restocking and limited arrivals] According to SMM's communication and understanding, as of Wednesday (April 30), the total zinc ingot inventory across seven locations tracked by SMM was 77,000 mt, a decrease of 8,800 mt from April 24 and a decrease of 8,900 mt from April 28. Domestic inventory recorded a decline..."]

Apr 30, 2025 15:41

Selected News

Labour Day Holiday Approaches, Operating Rate of Die-casting Zinc Alloy Declines [SMM Weekly Review of Die-casting Zinc Alloy]

[Operating Rates of Die-Casting Zinc Alloy Producers Decline as Labour Day Holiday Approaches] This week, the operating rate of die-casting zinc alloy producers was recorded at 49.01%, down 9.97 percentage points WoW. On the inventory side, zinc prices maintained a fluctuating trend this week. However, better outflows from warehouses for some enterprises led to a decrease in inventory, prompting an increase in raw material purchases. Meanwhile, enterprises that had previously purchased at low prices gradually picked up goods, resulting in a slight increase in overall raw material inventory. In terms of finished product inventories, most die-casting zinc alloy enterprises had holiday arrangements ranging from 1 to 7 days during the Labour Day holiday, leading to a MoM increase in finished product inventories...

Apr 30, 2025 15:39

Selected News

SHFE/LME price ratio continues to fluctuate around 8.6, with the import window for zinc ingots opening {{SMM Weekly Review of SHFE/LME Zinc Price Ratio}}

【SHFE/LME Price Ratio Continues to Fluctuate Around 8.6, Zinc Ingot Import Window Opens】: This week, the SHFE/LME price ratio fluctuated around 8.6, and the zinc ingot import window opened. The final value of the University of Michigan Consumer Sentiment Index for April in the US, released last Friday, was higher than the previous value and expectations, leading to a continued decline in London zinc prices.

Apr 30, 2025 15:38

Selected News

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

[Few Enterprises Take Holidays in the Market, Zinc Oxide Operating Rate Declines Slightly] This week, the zinc oxide operating rate 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 for some zinc oxide enterprises during the week, raw material inventories increased WoW, and pre-holiday inventory stockpiling also led to an overall increase in finished product inventories for enterprises. ......

Apr 30, 2025 15:37

Selected News

Uncertainty in international trade persists, with zinc prices maintaining a fluctuating trend this week [[SMM Market Review - Weekly Price Commentary]]

["[Uncertainty in International Trade Persists, Zinc Prices Maintain Fluctuating Trend This Week] At the beginning of the week, LME zinc continued its downward trend from last week, influenced by the fact that the final value of the University of Michigan's consumer sentiment index for the US in April was higher than the previous value and the expected value. Subsequently, positive macro news from China drove LME zinc slightly higher. Then, Trump stated to the media that he believed no red lines would change the tariff policy, intensifying market concerns about trade. Meanwhile, the Dallas Fed's business activity index for the US in April was lower than the previous value and the expected value, with the overall business activity index sharply declining to -35.8, marking the third consecutive month of decline. Market risk-averse sentiment emerged, and under the influence of multiple factors, LME zinc maintained a fluctuating trend..."]

Apr 30, 2025 15:36

Selected News

Tight Spot Cargo Supply Persists, Premiums and Discounts Continue to Rise [[SMM Weekly Review of Spot Cargo in Guangdong]]

[Tight Spot Cargo Supply Persists, Premiums and Discounts Continue to Rise] This week, premiums and discounts in Guangdong rose by 20 yuan/mt WoW. As of Wednesday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 500~550 yuan/mt against the market, and the Shanghai-Guangdong price spread narrowed to 40 yuan/mt...

Apr 30, 2025 15:34

Selected News

Focusing on the Development of Germanium, Gallium, and Zinc Resources: Sinomine Resource Group's Tsumeb Smelter in Namibia Commences Polymetallic Recovery Project

Apr 30, 2025 15:33

Selected News

SMM Events & Webinars

All

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China
May
22
- 2025 SMM 3rd Wire & Cable Conference & Expo
  May 22 - 23,2025
  Suzhou, Jiangsu, China

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo