Die-Casting Zinc Alloy Operating Rates Declined Due to Labour Day Holiday [SMM Die-Casting Zinc Alloy Weekly Review]

This week, the operating rate of die-casting zinc alloy enterprises was recorded at 43.14%, down 7.34 percentage points WoW. Although some enterprises' monthly long-term contracts arrived at factories successively at the beginning of the month, post-holiday zinc price rise suppressed enterprises' raw material purchase willingness, and raw material inventory saw slight destocking this week. On the finished product inventories side, affected by production shutdowns during the Labour Day holiday, coupled with moderate restocking by end-users after the holiday, alloy enterprises' finished product inventories pulled back somewhat. Demand side, orders for luggage, buttons, crafts, and real estate hardware showed mediocre performance, auto parts orders remained relatively stable, and electronics hardware orders still demonstrated certain resilience. The operating rate declined this week, primarily because most die-casting zinc alloy enterprises took 1 to 9 days off for Labour Day holiday, with phased production stagnation dragging down operating rates. Looking ahead to next week, enterprises on holiday are expected to gradually resume production, and the die-casting zinc alloy operating rate is expected to rebound to around 52.37%.