Hot News

• 

  Affected by Environmental Protection-Driven Production Restrictions, Zinc Oxide Operating Rates Declined This Week [SMM Zinc Oxide Weekly Review]

  [Affected by environmental protection-driven production restrictions, operating rates for zinc oxide declined this week] This week, the operating rate for zinc oxide enterprises recorded 55.67%, down 0.78 percentage points MoM. On the raw material side, zinc prices rose significantly this week, market purchase willingness for zinc oxide plants was low, large plants had built up substantial stockpiles earlier, and small and medium-sized enterprises mostly engaged in just-in-time procurement due to weak end-use demand, thus raw material inventory basically held at last week's level...

• Affected by Profits, Operating Rates Decline; Die-Casting Zinc Alloy Operating Rates Fall [SMM Die-Casting Zinc Alloy Weekly Review]

  [Operating rates decline due to profit impact, die-casting zinc alloy operating rates fall] This week, the operating rate of die-casting zinc alloy recorded 49.56%, down 1.51 percentage points WoW. In terms of inventory, zinc prices fluctuated at highs this week, procurement enthusiasm of die-casting zinc alloy enterprises weakened, while the shipment pace slowed down, some enterprises experienced slight inventory buildup, consequently, raw material inventory decreased, and finished product inventories increased.

• End-users made just-in-time procurement, and premiums and discounts are expected to maintain fluctuating trend [SMM Guangdong Spot Cargo Weekly Review]

  [End-User Just-in-Time Procurement Expected Premiums and Discounts to Maintain Fluctuating Trend] This week, Guangdong premiums and discounts rose by around 15 yuan/mt WoW. As of Friday, mainstream 0# zinc was quoted at a discount of around 15 yuan/mt against the market, with the Shanghai-Guangdong price spread maintaining...

• Consumption remains resilient, galvanizing operating rates increase [SMM Galvanizing Weekly Review]

  [Consumption remains resilient, galvanizing operating rates increase]: This week, the operating rate of galvanizing producers recorded 58.39%, up 0.19 percentage points WoW. On raw material inventory, early in the week, zinc prices pulled back slightly at the center, prompting downstream restocking in small amounts, and zinc ingot inventory increased.

• Zinc Prices Continue to Surge Sharply, Market Transactions Weaken [SMM Tianjin Zinc Spot Weekly Review]

  [Zinc prices continued to surge significantly, market transactions weakened]: Spot premiums in the Tianjin area held steady WoW. As of Friday, domestic common brands were quoted at a discount of 40 yuan/mt to a premium of 100 yuan/mt against the 2601 contract, while premium brands were quoted at a premium of 110-130 yuan/mt against the 2601 contract. Tianjin prices were quoted at a discount of about 110 yuan/mt against Shanghai prices.