SMM, January 17:
This week, the operating rate of die-casting zinc alloy recorded 53.73%, down 8.56 percentage points WoW. Raw material side, although zinc prices saw a slight downward shift in the center this week, some enterprises have entered the pre-holiday closing stage, leading to relatively small raw material stocking demand and converting raw materials into finished products, resulting in a WoW decrease in raw material inventories. Regarding finished product inventories, large enterprises still in production this week accelerated stocking, driving an overall increase in finished product volumes. The decline in the operating rate of die-casting zinc alloy this week was mainly due to some enterprises halting production and taking holidays for the Chinese New Year, significantly reducing production and causing a noticeable drop in the overall operating rate. In terms of actual orders, as many end-user enterprises have taken holidays, downstream consumption remained mediocre. Orders for electronic components, door locks, and furniture accessories showed mediocre performance. Except for a few large enterprises with ongoing downstream stocking demand, orders for other enterprises have gradually weakened. As the Chinese New Year approaches, more enterprises are expected to take holidays, and the operating rate of die-casting zinc alloy is anticipated to decline further next week.
