The average operating rate of die-casting zinc alloy manufacturers was 47.27% last week, up 3.67 percentage points. Zinc prices stabilised during the week, and most die-casting zinc alloy manufacturers purchased as required, keeping raw material inventory stable. Production resumptions after the Chinese Dragon Boat Festival holidays bolstered operating rates.
The boost to end-user consumption from policy supports was insignificant. Orders for door locks, window frames and other real estate-related sectors remained weak, slowing purchases for zinc alloys. Meanwhile, orders for auto parts and hardware were also sluggish. As such, operating rates will remain low this week.
