[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%.