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Galvanising Enterprises Gradually Take Holidays, Operating Rate Continues to Decline [SMM Galvanising Weekly Review]
Jan 17, 2025, at 3:20 pm
[Galvanising Enterprises Gradually Take Holidays, Operating Rates Continue to Decline]: This week, the operating rates of galvanising producers stood at 44.91%, down 8.81 percentage points WoW. Regarding raw material inventory, zinc prices pulled back to a monthly low in April, prompting enterprises to increase pricing at low points...
SMM January 17 News: This week, the operating rates of galvanising producers stood at 44.91%, pulling back by 8.81 percentage points WoW. In terms of raw material inventory, zinc prices pulled back to a four-month low this week, prompting more enterprises to lock in prices at low levels. However, as companies have gradually started their Chinese New Year break, most have locked in prices before the holiday with deliveries scheduled after the holiday, leading to a slight pullback in raw material inventory. The main reason for the decline in operating rates this week is that galvanising plants have gradually entered the Chinese New Year break, reducing operations. Additionally, as the holiday approaches, fewer transportation vehicles are available, logistics are gradually halting, and most galvanised pipe traders have stopped transactions and ceased procurement, resulting in lower demand for galvanised pipes. Large manufacturers are expected to completely halt production around the Little New Year, leading to an increase in finished product inventories. Regarding galvanised structural components, steel tower enterprises have relatively fixed production schedules and shorter Chinese New Year breaks. Some companies have export orders for post-holiday delivery, resulting in later holiday schedules. Next week, most galvanising plants are expected to go on holiday, and operating rates will continue to decline. 》Subscribe to view SMM historical spot metal prices
