[SMM News] This week, the operating rate of zinc oxide enterprises was recorded at 58.92%, down 0.59% WoW. In terms of terminal orders, tire orders for rubber-grade zinc oxide still showed significant divergence. Orders exported to the Middle East were weak, while other orders were relatively normal. However, after entering the off-season for consumption, terminal tire demand is expected to be in the doldrums. For feed-grade zinc oxide, market demand has weakened due to the impact of hog prices. There were no significant changes in orders for ceramic-grade and electronic-grade zinc oxide. Recently, affected by environmental protection checks, some zinc oxide enterprises in Ningxia and Shanxi have halted production or implemented production cuts. Meanwhile, downstream consumption is gradually entering the seasonal off-season. It is expected that the operating rate of zinc oxide enterprises will remain around 58.99% next week.