The sales in the galvanized flat steel market are still weak, and demand shows no signs of improvement. Downstream customers are also preparing for a holiday, purchases are slow, and there is no inventory plan before the holiday. The low-priced resources in the early stage have basically been sold out. With the increase in the cost of arrival and the impact of some incomplete specifications, it is meaningless for the market to continue to fall. Although the mentality is still in a negative state, it has moved from a decline to a stable wait and see. There will be no major price adjustments within a few working days. The market price of galvanized flat steel is expected to fluctuate slightly in the short term.
This week, the upstream cold-rolled base materials were sorted within a narrow range, some lock prices were raised, the price decline in the coating market narrowed, and individual out-of-stock specifications became stronger, but the overall sales were downturn. Due to the rapid decline in coating market prices this month, the price cuts have not stimulated the increase in shipments. There are more companies stopping production for maintenance, and the market is still a wait-and-see bearish atmosphere. It is understood that although the current price has hit a record low for more than a decade, the market is currently not optimistic about the market situation before the Spring Festival, coupled with the tight capital chain and the obvious reduction in downstream demand. In addition, the current galvanizing line and rolling mill companies in Boxing and North China have expanded the scope of shutdown and maintenance. Even up to 2/3 of the galvanizing lines in Boxing area have been shut down for holidays, and the demand for color coating in the north has basically stagnated, and the overall operating rate is not high. Most of the galvanized flat steels maintain their original export orders, and various color-coated companies may also suspend production for maintenance in the near future. It is expected that the price will not fluctuate too much. It is expected that the domestic coated steel market prices will fluctuate mainly in the short term.
As the market opened today, the domestic market for galvanized flat steel prices still saw a downward trend. Drive low and go high, but this has not improved the sluggish market demand. The price of building materials in Beijing is stable. After all, the price-limiting policy is still being implemented. In addition, the market volume is not large, and the merchants have little profit. At present, the market is not ideal for high or low prices, and the price does not fall too much Practical meaning. Shanghai still did not break away from the downward trend, and sales continued to shrink, causing merchants to continue to move towards low quotations. However, the price-for-volume operation had little effect. Poor demand led to a slight increase in inventory, and mainstream steel mills Shente and Pinggang both lowered.