Operating Rate Of Zinc Oxide Enterprises Rose Last Week

According to SMM survey, the average operating rate of zinc oxide enterprises was 62.5% last week up 0.8 percentage point from the previous week.

Higher zinc prices and zinc slag coefficient kept zinc oxide enterprises cautious in purchasing raw materials. And the shortage of raw materials brought difficulties in purchasing raw materials. As such, and raw material stocks at zinc oxide plants declined. Orders were brisk especially at large-scale manufacturers thanks to the tyre sector. The narrower price spread between finished products and raw materials bit into profit of zinc oxide.

Operating rates are expected to change little this week.