Zinc Oxide Operating Rate Declines Amid Poor Tyre Factory Orders and Market Changes

Published: Apr 25, 2025 16:14
The operating rate of zinc oxide this week was recorded at 59.77%, down 1.01% WoW. Currently, tyre factories are experiencing poor orders, and overcapacity is continuously compressing corporate profits. Tyre companies are seeing significant inventory buildup, and the demand for rubber-grade zinc oxide is weakening. The market demand for ceramic-grade zinc oxide remains relatively stable. In terms of feed-grade zinc oxide, overall orders are also relatively normal, but the recent severe epidemic diarrhea in the pig market may impact future feed-grade zinc oxide orders. Regarding export orders, the "rush to export" in the end-use market is not significant recently. On the contrary, tyre orders have weakened due to tariff issues.

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
Fundamentals Intertwined with Bullish and Bearish Factors, SHFE Zinc to Maintain Fluctuating Trend [SMM Zinc Futures Brief Commentary]
May 22, 2026 18:10
Fundamentals Intertwined with Bullish and Bearish Factors, SHFE Zinc to Maintain Fluctuating Trend [SMM Zinc Futures Brief Commentary]
Read More
Fundamentals Intertwined with Bullish and Bearish Factors, SHFE Zinc to Maintain Fluctuating Trend [SMM Zinc Futures Brief Commentary]
Fundamentals Intertwined with Bullish and Bearish Factors, SHFE Zinc to Maintain Fluctuating Trend [SMM Zinc Futures Brief Commentary]
[Fundamentals Present Mixed Signals; SHFE Zinc Maintained Fluctuating Trend] The most-traded SHFE zinc 2607 contract opened at 24,720 yuan/mt. After the opening, SHFE zinc dipped to a low of 24,675 yuan/mt. Subsequently, bulls increased their open interest, driving SHFE zinc continuously higher above the daily average line, reaching a high of 24,935 yuan/mt during the session. It finally closed up at 24,865 yuan/mt, gaining 200 yuan/mt or 0.81%. Trading volume increased to 49,676 lots, and open interest increased by 4,625 lots to 99,206 lots.....
May 22, 2026 18:10
Imported Zinc Concentrates See Limited Offers and Declining TCs Amid Few Transactions
May 22, 2026 17:43
Imported Zinc Concentrates See Limited Offers and Declining TCs Amid Few Transactions
Read More
Imported Zinc Concentrates See Limited Offers and Declining TCs Amid Few Transactions
Imported Zinc Concentrates See Limited Offers and Declining TCs Amid Few Transactions
[Imported Zinc Concentrates Market] According to market sources, offers for imported zinc concentrates were limited recently, with very few transactions completed during the week. In terms of overall offers, near-month shipment offers for ores with by-product metals were around -$70 to -$60/dmt, with TCs continuing their downward trend overall.
May 22, 2026 17:43
Strong Demand for Domestic Zinc Concentrates Amid Unfavorable SHFE/LME Price Ratio
May 22, 2026 17:43
Strong Demand for Domestic Zinc Concentrates Amid Unfavorable SHFE/LME Price Ratio
Read More
Strong Demand for Domestic Zinc Concentrates Amid Unfavorable SHFE/LME Price Ratio
Strong Demand for Domestic Zinc Concentrates Amid Unfavorable SHFE/LME Price Ratio
[Domestic Zinc Concentrates Market] According to market sources, the scrambling sentiment for ore raw materials remained strong recently. With the SHFE/LME zinc price ratio remaining unfavorable, smelters prioritized purchasing domestic zinc concentrates given the price advantage, and zinc concentrate TCs continued to decline across multiple regions in China.
May 22, 2026 17:43
The operating rate of zinc oxide this week was recorded at 59.77%, dow - Shanghai Metals Market (SMM)