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Operations at Zinc Die Casting Plants in China Further Slowdown In June as Demand Falters

Metal News - Published on Mon, 15 Jul 2019

Image Source: Die Castings China
SMM reported that zinc alloy die casting plants in China further scaled back their operations in July, showed an SMM survey, as demand weakened amid a traditional low season, trade conflicts with the US and a global downturn. SMM data released on July 11 showed that operating rates across Chinese manufacturers of zinc alloy die-castings averaged 46.32% in June, down 0.82 percentage point from May and 2.32 percentage points from June 2018.

This was the second straight month of decline, after an on-month drop of 7.4 percentage points in May.

The SMM survey covered a total of 30 plants across Shanghai, Zhejiang, Jiangsu, Fujian, Guangdong and Sichuan etc. Capacity totaled 989,400 mt, with 42,000 mt sitting idle.

Rates for large plants, with annual capacity of above 50,000 mt, slipped 1.06 percentage points from a month ago to 42%, while rates for plants that can produce 20,000-50,000 mt in a year inched up 0.22 percentage point to 46.63%.

Small plants, with annual capacity of less than 20,000 mt, operated at 74.79% last month, down 0.82 percentage point from May.

As new orders sharply shrank, zinc die-casting plants saw their inventories of finished goods substantially expand, and slashed production in June to rein in stocks.

Source :

Posted By : Rabi Wangkhem on Mon, 15 Jul 2019
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