Zinc social inventories fell slower as higher prices sidelined buyers

[Zinc Price Fluctuates at Highs, Guangdong Premiums Fall This Week] This week, Guangdong premiums fell WoW by 15 yuan/mt. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 90-60 yuan/mt against the market. The Shanghai-Guangdong price spread remained...

[Off-Season Characteristics Becoming Increasingly Prominent, Die-Casting Zinc Alloy Operating Rate Declines] In terms of downstream demand, zipper order demand in China has been mediocre recently, while demand for luggage and apparel zippers is weak. End-use demand for jewelry and hardware has also slowed down. Regarding export orders, some orders for hardware products exported to the Middle East have been continuously decreasing, but orders shipped to Southeast Asia have been generally normal...

[Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline] This week, the operating rate of zinc oxide enterprises recorded 57.11%, down 0.34 percentage points WoW. On the inventory side, due to weakening end-use demand in some segments, some enterprises' finished products experienced inventory buildup...