SMM Oct. 10:
This week, the operating rate for die-casting zinc alloy was 46.51%, down 0.36 percentage points WoW. Raw material side, driven by long-term contract deliveries and some enterprise cargo pick-up, raw material inventory increased slightly WoW, while finished product inventories saw a small decline due to post-holiday restocking by end-users. The slight decrease in the die-casting zinc alloy operating rate this week was mainly because some enterprises were still on holiday during the week, pulling down the overall operating rate. Terminal order side, affected by the recent National Day holiday for end-users, the market saw some restocking after the holiday, but actual demand for terminal orders across various sectors has not changed significantly. Orders for traditional hardware in the real estate sector, which account for a large proportion, remained average, and hardware orders for luggage zippers, which enterprises were previously optimistic about, also performed below expectations due to rising zinc prices. Next week, alloy plants that were on holiday this week will gradually resume production, and the operating rate for die-casting zinc alloy enterprises is expected to rise to around 52.96%.
