Operating Rate Of Galvanising Enterprises Rose Last Week

Last week, the average operating rate of galvanising enterprises rose 2.51 percentage points from the previous week to 67.94%. Galvanising plants purchased raw materials as needed as zinc prices remained rangebound. Some enterprises resumed production after the Dragon Boat Festival holidays.

Meanwhile, the favourable domestic policies prompted dealers to increase purchases of galvanised pipes, lowering galvanised pipe inventories. On the galvanised structural part front, most orders were contributed by State Grid, China Southern Power Grid, and the photovoltaics industry. Operating rates at galvanised pipe plants will remain at the current level this week.