SMM Oct. 31:
The operating rate for die-casting zinc alloy recorded 52.50% this week, down 0.62 percentage points WoW. Raw material side, zinc prices rose WoW, leading to lower procurement enthusiasm among die-casting zinc alloy enterprises, mostly making just-in-time procurement, and raw material inventory decreased slightly. Finished product inventories side, some enterprises entered holiday periods recently, resulting in an increase in prepared finished product inventories, but due to good shipments by some enterprises within the week, finished product inventories only increased slightly. The decline in the operating rate of die-casting zinc alloy enterprises this week was mainly due to some enterprises halting production for holidays mid-week, causing a slight decrease in the operating rate. Terminal orders side, affected by the WoW increase in zinc prices, end-users mainly conducted just-in-time procurement, traditional hardware orders remained relatively average, but demand in the electronics sector remained good, with enterprises shipping at a fast pace. Meanwhile, for export orders, orders for terminal die-casting hardware parts shipped to Southeast Asia were generally normal recently. Looking ahead to next week, some alloy plants are expected to remain in shutdown for holidays, and the die-casting zinc alloy operating rate is projected to hover around 52.18%.
