Zinc Industry Chain Downstream - Zinc Oxide Market Analysis [SMM Analysis]

Analysis of the Zinc Oxide Market: Currently, the main end consumers of zinc oxide include rubber grade, ceramic grade, feed grade, electronic grade, and a small amount of industrial use, such as in the textile industry, lubricants, anti-rust coatings, and cosmetics. The rubber grade zinc oxide accounts for the largest proportion, at about 60%, followed by the ceramic grade at about 20%. Recently, due to the sustained high zinc prices, the manufacturing cost of zinc oxide has increased, leading to a rise in finished product prices and a decrease in orders for rubber applications. The ceramic grade zinc oxide is greatly affected by the real estate industry, and recent orders have been poor. The feed grade zinc oxide is also experiencing poor orders due to the impact of swine fever. The electronic and chemical grades have been driven by year-end stocking orders, and the operating rate has slightly increased. It is expected that in the future, zinc oxide enterprises will be driven by year-end stocking sentiment, and the operating rate may slightly increase in January.