As of this week, December 27, China’s galvanized steel prices are temporarily stable, with 1.0mm representing the specification: the price in key areas is between 4,630 yuan and 5,950 yuan; color-coated plate prices are stable too, with 0.5mm representing the specification: in the North China areas, the price is 5,450 yuan to 6,750 yuan includes tax.

In terms of cost: The fourth round of coke price increases has not yet been implemented. The impact of international shipping and coal mine accidents has stimulated bullish expectations on the raw material side. Currently, the bottom cost support is strong.

In terms of price: domestic coated plate and coil prices have been mixed this week. Private galvanized steel prices have been raised individually, ranging from 10 to 30 yuan. The recent market conditions have been relatively stable. Even if the cost price is stable and strong, because the transaction volume continues to be low, merchants are not willing to follow the increase, and most of them keep their quotations stable.

In terms of construction start: (12.18-12.22) LGMI website conducts statistics on samples of 53 steel mills across the country. Among them, there are 155 galvanized sheet production lines, 30 of which are suspended or for maintenance, and the operating rate is 81%, an increase of 2% from last week; there are 104 color-coated sheet production lines, 30 of which are suspended or for maintenance, and the operating rate is 71%, which is 71% higher than the previous week. Weekly levels were unchanged. At this stage, the seasonal off-season characteristics are obvious, market demand is not good, the speed of inventory reduction has slowed down, and the overall inventory increase trend is showing.

Policy: Since the beginning of this year, the world is still in recession, the domestic economy is still affected by various factors, the real estate market is sluggish, demand is weak, and the market is facing severe challenges. Recently, as various macro policies have been effective, the national economy has continued to rebound and improve. At the same time, there are still many unstable factors in the international environment, domestic demand has peaked and performance has been relatively weak.The economic rebound and improvement indicators still need to be consolidated.

All above is from：shidian.lgmi.com