Zinc Oxide Plants Take More Holidays, Weekly Operating Rate Plummets [SMM Zinc Oxide Weekly Review]

SMM January 24 News: This week, the operating rate of zinc oxide was 28.80%, down 36.81% WoW. Raw material side, zinc oxide enterprises had mostly completed their inventory stocking earlier, and with many companies on holiday this week, overall raw material inventory changes were relatively small. Finished product side, zinc oxide plants actively shipped goods before logistics operations ceased, leading to a continued decline in zinc oxide finished product inventories this week. Order side, earlier inventory stocking orders were mostly fulfilled, and with the Chinese New Year holiday approaching, end-user downstream enterprises gradually went on holiday, resulting in a seasonal decline in orders across various sectors. Production side, with Chinese New Year falling next Wednesday, many zinc oxide plants went on holiday this week, reducing production days and causing a significant drop in zinc oxide output. The weekly operating rate of zinc oxide has essentially fallen to its lowest level of the year. Next week, only a few zinc oxide enterprises are expected to continue production, and the operating rate of zinc oxide is anticipated to decline further.

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