[SMM News] This week, the operating rate of zinc oxide was recorded at 59.73%, up 1.16% WoW. In terms of orders, tyre orders for rubber-grade zinc oxide have weakened recently, with some tyre factories holding high inventory levels, which has hindered their procurement enthusiasm. However, the demand for chemical products remains relatively normal. The demand for ceramic-grade zinc oxide has been relatively stable recently. For feed-grade zinc oxide, market demand has weakened due to the lower arrival of soybean meal at ports, as well as the impact of higher prices for piglets and lower prices for adult pigs. Regarding export orders, affected by the recent anti-dumping investigation and tariff disruptions initiated by the EU against China's tyres, the export prospects for end-user tyre orders are uncertain.