Operating Rate Of Zinc Oxide Enterprises Rose Last Week

According to SMM survey, the average operating rate of zinc oxide enterprises was 64.5% last week, an increase of 3.2 percentage points. Raw material inventory increased slightly as rapid price declines kept enterprises cautious in restocking cargoes. Orders were lacklustre.

The market was bearish and end-user orders were limited, keeping zinc oxide plants from restocking in large volumes. On the whole, the drop in zinc prices had limited boost to orders. Pre-holiday stockpiling raised operating rates. As most companies will remain in normal production during Labour Day holidays, the downward room for the operating rates will be limited this week.