Galvanising Enterprises' Labour Day Holiday Leave in 2026 Increased YoY[SMM Analysis]

Published: Apr 30, 2026 14:37

Save

Ahead of the Labour Day holiday, SMM surveyed galvanising enterprises on their holiday arrangements. This survey covered 27 galvanising enterprises with a total capacity of 20.10 million mt. According to SMM, some enterprises will take 1-13 days off during the Labour Day holiday, while others will maintain normal production without any break, with an estimated total impact on zinc consumption of approximately 5,785 mt.

According to SMM, overall galvanizing operating data in April were solid but slightly weaker YoY. Steel tower orders remained strong, though most were placed before the Chinese New Year, and newly tendered orders after the holiday still need time to materialize. Three new UHV lines are expected to be completed this year, though exact timelines remain to be confirmed, and steel tower orders are expected to remain robust. However, PV orders have fallen short of expectations this year, with new installations declining notably and overall demand pulling back. Export side, orders from Southeast Asia and Europe remained relatively strong, but due to rising freight costs, downstream enterprises were cautious, with no significant increase in export orders, and growth in May is unlikely. Overall orders weakened YoY, and average holiday days increased YoY.

Raw material inventory side, zinc prices pulled back to low levels in April, and downstream enterprises restocked at opportune prices, lifting raw material inventory levels slightly. Given significant price fluctuations, most enterprises opted for a low-inventory turnover model, with raw material inventories lower than in previous years. Finished product inventory side, most enterprises maintained a low-inventory operating model, and finished product inventories remained low.

SMM will continue to monitor the post-Labour Day holiday production resumption.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 mins ago

Some Enterprises Started Holiday Early, Die-Casting Zinc Alloy Operating Rates Edged Down [SMM Die-Casting Zinc Alloy Weekly Review]

[Some Enterprises Started Holiday Early, Die-Casting Zinc Alloy Operating Rates Edged Down] Zinc price center moved lower during the week. End-user hardware enterprises showed improved stockpiling enthusiasm ahead of the holiday, driving down finished product inventories at die-casting zinc alloy plants. Influenced by this, enterprises' willingness to restock at low prices strengthened, and raw material inventories increased accordingly. Demand side, recent garment zipper orders performed relatively well, electronics and auto parts orders also remained stable, but daily hardware demand remained mediocre......

3 mins ago

5 mins ago

Zinc Price Center Pulled Back During the Week, Guangdong Premiums Rose Slightly [SMM Guangdong Spot Weekly Review]

[Zinc Price Center Pulled Back During the Week, Guangdong Premiums Rose Slightly] As of Thursday, mainstream #0 zinc in Guangdong was quoted at a discount of 55-45 yuan/mt against the market price, and the Shanghai-Guangdong price spread narrowed. Recently, invoice quotas in the market tightened, reducing the number of traders making shipments. Combined with the pullback in the zinc price center during the week, downstream dip-buying increased, and traders took the opportunity to raise premiums for shipments. Multiple factors drove Guangdong premiums to rise this week......

5 mins ago

14 mins ago

Tianjin Zinc Ingot Premium Rose, Contract Rollover Quotes This Week [SMM Tianjin Spot Zinc Weekly Review]

[Tianjin Zinc Ingot Spot Premiums Rose, Contract Rollover Pricing This Week]: Spot premiums in Tianjin rose this week, up 35 yuan/mt WoW. As of Friday, ordinary brands were quoted at a discount of 0-120 yuan/mt against the 2606 contract, premium brands were quoted at a premium of 10 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 70 yuan/mt against Shanghai. The price spread between Shanghai and Tianjin widened, with contract rollover pricing this week.

14 mins ago