SHANGHAI, May 19 (SMM) - Demand for zinc oxide will lack upward momentum in 2017, SMM zinc analyst predicts at the SMM 2017 Lead & Zinc Summit.
Zinc consumption by zinc oxide industry will shrink.
Galvanized plate/coil is expected to grow 6.8% in 2017, and galvanized structural parts may increase 0.8%, a 2.7% decline compared to last year.
SMM 2017 Lead & Zinc Summit: Zinc Price Outlook for 2017
Zinc consumption by galvanizing industry is expected to rise 3.1% in 2017.
Zinc consumption by die-cast zinc alloy industry will remain steady. The average operating rate at the industry was 51.4% in the first four months of 2017, up 5.6 percentage points year-on-year. The rate in April slid 5 percentage points due to sluggish orders, and showed signs of further declines, the analyst added.
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