SMM News on November 7:
The operating rate for die-casting zinc alloy this week was 50.95%, down 1.55 percentage points WoW. Raw material side, zinc prices generally moved higher this week, and die-casting zinc alloy enterprises were cautious about purchasing at high prices, leading to a slight decline in raw material inventory. Finished product inventories side, affected by prices, shipments of die-casting zinc alloy were relatively slow during the week, resulting in an increase in finished product inventories. The significant decline in the operating rate for die-casting zinc alloy this week was mainly due to production issues at some enterprises for their own reasons, and the recent rise in zinc prices also contributed to the decrease. Terminal orders side, demand for electronic product orders remained relatively normal during the week, with little impact from zinc price fluctuations, but demand for traditional hardware, such as bathroom hardware and door lock hardware orders, was relatively weak. Looking ahead to next week, as downstream consumption of die-casting zinc alloy lacks new growth points and previous Christmas export orders have generally concluded, the operating rate for die-casting zinc alloy is expected to slightly decrease and hover around 50.73%.
