Galvanising Enterprises Gradually Ramped Up Production This Week, Operating Rates Increased [SMM Galvanising Weekly Review]

Published: Mar 6, 2026 15:45

Save

[Galvanising Enterprises Gradually Ramped Up Production This Week, with Higher Operating Rates]: This week, the operating rates of galvanising producers were 39.06%, up 32.22 percentage points WoW. Raw material side, zinc prices mainly fluctuated this week, transportation returned to normal, long-term contract deliveries from major producers arrived, and enterprises purchased on price dips, with zinc ingot inventory at galvanising enterprises increasing slightly.

SMM, March 6: This week, the operating rates of galvanising producers stood at 39.06%, up 32.22 percentage points WoW. Cost side, zinc prices were mainly volatile this week, transportation returned to normal, long-term contract deliveries from major producers arrived, and enterprises made purchases by pricing at lows, with zinc ingot inventory at galvanising enterprises increasing slightly. The increase in operating rates was mainly because enterprises gradually resumed work. Major producers were basically in a ramp-up pace this week, with workers returning in succession and largely in place, while most small and medium-sized enterprises started operations after the Lantern Festival (March 2), and operating rates rebounded significantly. End-users also resumed work in succession, long-haul transport vehicles returned to normal, and finished product inventories at galvanising enterprises declined. Galvanising enterprises will resume normal production next week, and operating rates are expected to continue to rise to around 54.44% next week.

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

1 hour ago

Improved Macro Sentiment Drove LME Zinc Higher [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: Macro Sentiment Improved, LME Zinc Rose] Overnight, LME zinc opened at $3,340.5/mt. At the beginning of the session, LME zinc briefly dipped to a low of $3,336.5/mt. Subsequently, bulls increased their open interest, and LME zinc fluctuated upward throughout the session, reaching a high of $3,414/mt during the night session, ultimately closing up at $3,400/mt, up $60/mt, a gain of 1.8%. Trading volume increased to 12,425 lots, and open interest rose by 1,955 lots to 217,000 lots.

1 hour ago

LME Drove SHFE Higher, SHFE Zinc Center Shifted Upward [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened at 23,850 yuan/mt, briefly dipping to a low of 23,840 yuan/mt at the start of the session. Bears then reduced their open interest, and the SHFE zinc center shifted upward to a high of 23,970 yuan/mt, ultimately closing higher at 23,900 yuan/mt, up 185 yuan/mt or 0.78%. Trading volume fell to 47,019 lots, and open interest decreased by 1,040 lots to 71,016 lots.

1 hour ago

12 hours ago

Bolivia Cancels $350M Chinese Zinc Project in Oruno

Bolivia’s government recently terminated a $350 million Chinese-backed zinc refinery project in Oruro in January 2026. The decision reflects a wider effort to address problematics in the projects, including requiring improvements at the $546 million Mutún steel plant and responding to operational issues at the Huanuni tin facility, which is operating at only 13% capacity.

12 hours ago