[SMM News] This week, the operating rate of zinc oxide was recorded at 60.08%, down 1.96% WoW. In terms of end-user order performance, the overall demand from large downstream tyre enterprises using rubber-grade zinc oxide remained relatively stable. However, the demand from small and medium-sized tyre factories in North China has weakened recently. For feed-grade zinc oxide, due to the severe outbreak of African swine fever overseas, export orders have slightly improved, with better-than-expected demand in off-season, and the overall situation remained relatively stable. Orders for electronic-grade zinc oxide performed relatively normally, supported by power grid orders. This week, a small number of enterprises in the market had holiday arrangements, leading to a slight decline in the operating rate. Next week, with the gradual resumption of production by enterprises, the operating rate of zinc oxide is expected to rise to 60.72%.