Macroeconomics 1. [Reverse Repo] The People's Bank of China will conduct overnight reverse repo operations from October 21 to November 2. These operations will utilize a

Last week, hot-rolled coil futures faced downward pressure, while demand remained weak. Downstream procurement was driven primarily by essential, immediate needs; manufacturers showed little inclination

The market was already in a phase of inventory accumulation during September—prior to the holiday—as end-users showed little inclination to stock up. Following the holiday

Last week, hot rolled coil futures traded within a narrow range, and market sentiment remained generally cautious. Spot market trading was lackluster, with end-users purchasing

1. [Galvanized Sheet] On September 22, 2026, the total trading volume among 154 surveyed galvanized sheet enterprises nationwide reached 15,264 tonnes, an increase of 540

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In August 2026, total electricity consumption across society once again surpassed the one-trillion-kilowatt-hour mark, reaching 1.0332 trillion kWh—a year-on-year

Last week, hot rolled coil futures traded with a weak, fluctuating trend, extending the prevailing bearish sentiment; market confidence turned cautious, and trading activity remained

Macroeconomics 1. [Industrial Value Added] National Bureau of Statistics: In August, the value added of industrial enterprises above designated size grew by 5.2% year-on-year in real

Macroeconomics 1. [M2] The People's Bank of China (PBOC): At the end of August, the outstanding balance of broad money (M2) stood at 356.81 trillion RMB,

Last week, the galvanized sheet and coil market saw spot prices edge lower, dragged down by fluctuating and weakening hot rolled coil futures. While traders

Macroeconomics 1. [US CPI] US CPI rose 3.4% year-on-year in August, matching both the forecast and the previous reading; it increased 0.4% month-on-month, in line with

Macroeconomics 1. [Reverse Repo] The central bank announced that, to better align with the banking system's short-term liquidity needs, the People's Bank of China will conduct

Macroeconomics 1. [PPI] National Bureau of Statistics: In August 2026, the national producer price index (PPI) for manufactured goods rose by 3.8% year-on-year and 0.4% month-on-month.

Last week, hot rolled coil futures fluctuated, while spot market prices remained largely stable. Traders focused on clearing existing inventory and maintained a cautious approach

Last week, futures prices for hot rolled coils saw a significant upward trend, while domestic spot market prices for galvanized steel coils rose with some

Macroeconomics 1. [US Core PCE Price Index] The US core Personal Consumption Expenditures (PCE) price index rose 0.2% month-on-month in July, matching the forecast and up

Macroeconomics 1. [Reverse Repo] The People's Bank of China (PBOC) announced that it will conduct a 500-billion-RMB Medium-term Lending Facility (MLF) operation on August 25. The

Last week, hot rolled coil futures traded with a fluctuating upward bias, providing a boost to market sentiment and prompting a slight rise in galvanized

Last week, the futures market trended upward amidst volatility, while spot market prices for galvanized steel coils saw steady gains; however, traders reported generally sluggish