Some Zinc Oxide Production Facilities Were Idled During the Week, Operating Rates Declined [SMM Zinc Oxide Weekly Review]

SMM August 29 news:

     This week, the operating rate of zinc oxide recorded 51.69%, down 4.2 percentage points WoW. Raw material side, zinc prices maintained a fluctuating trend this week. Although prices showed a notable pullback at the week's end, zinc oxide enterprises mainly made just-in-time procurement, with inventory basically flat from last week. Finished product inventories side, some enterprises saw slight sales recovery recently, with better outflows from warehouses, leading to a minor decline in finished product inventories. Order side, the overall market demand for rubber-grade zinc oxide showed no significant change. While some enterprises experienced slight order recovery recently, they considered this fluctuation within the normal range. For feed-grade zinc oxide, demand began shifting from the off-season to the peak season as temperatures gradually cooled, while orders in other sectors remained relatively small WoW. Some enterprises suspended production due to the military parade this week, resulting in a notable production decline. Next week, the operating rate of zinc oxide is expected to rise to around 55.16% as suspended enterprises resume production.