Die-Casting Zinc Alloy Plants Gradually Resumed Production; Operating Rates Continued to Rise This Week [SMM Die-Casting Zinc Alloy Weekly Review]

       This week, the operating rate of die-casting zinc alloy came in at 32.46%, up 23.73 percentage points MoM. On the inventory side, arrivals under enterprises’ long-term contract orders, coupled with raw material procurement on dips, led to an increase slightly in raw material inventory; finished product inventories declined during the week as downstream players gradually resumed work and resume production, and warehouse withdrawals improved. On the orders side, consumption across downstream segments gradually recovered, with orders for luggage, zippers, and hardware performing relatively well. Overseas, although the international regional situation remained tense and export orders for daily-use small hardware and decorative hardware were largely shipped to the Middle East, export orders showed no significant change at present. The rise in operating rates during the week was mainly driven by the resumption of production at alloy plants, which lifted operating rates. Looking ahead to next week, the operating rate of die-casting zinc alloy is expected to continue rising and fluctuate around 45% as alloy plants in the market maintain normal production.