The operating rate of die-casting zinc alloy enterprises stood at 52.14% this week, up 0.35 percentage points WoW. Zinc prices fluctuated at highs this week, and spot purchases by die-casting zinc alloy enterprises decreased. However, enterprises bought the dip last week, and the gradual arrival of zinc ingot shipments this week drove up raw material inventories during the week. Meanwhile, finished product inventories edged up as some enterprises planned holidays ahead. The rise in the operating rate this week was mainly because some enterprises planned short-term maintenance in the future, and the improvement in warehouse withdrawals last week also pushed the rate slightly higher. However, from the perspective of overall industry activity, end-use consumption of die-casting zinc alloy was weak. Currently, there is a large circulation of smelter alloy and non-standard alloy in the market, with obvious oversupply, and the operating rate of the die-casting zinc alloy industry weakened YoY. Looking ahead to next week, some manufacturers will have holidays for the Dragon Boat Festival, and the operating rate of die-casting zinc alloy is expected to decline to around 47.94%, fluctuating.
