Although the futures market has an upward trend this week, the overall decline is greater than the increase. The spot galvanized sheet market has slightly adjusted its prices, and the overall shipment performance is average. According to the commodity market analysis system of SunSirs, the price of galvanized sheet and galvanized coils in China fell slightly this week. As of June 6, the average market price of galvanized sheet and galvanized coils in China was 4130.00 RMB/ton, down 0.18% from the beginning of the week.

Fundamentals: Entering June, the market will also be in the traditional off-season for various varieties. The performance of engineering project construction, home appliances and automobile industries is weak, which makes the price of galvanized sheet and galvanized coils weak.

The capacity utilization rate of galvanized sheet and galvanized coils has slightly decreased. There has been no significant active reduction in production in the overall supply, but social inventory has also decreased, and the inventory pressure in the spot market is not great.

According to the latest data obtained by SunSirs, the overall operating rate of galvanized sheets this week was 81.63%; the capacity utilization rate was 63.74%, down 0.36% from last week; the weekly output was 909,100 tons, down 0.51 tons from last week.

The current market is in a situation of low order volume by traders and low market demand. Merchants are cautious and maintain low inventory. As of June 6, the inventory of steel mills across the country was 470,000 tons, down 0.91 million tons from last week; the social inventory was 1.0896 million tons, down 14,100 tons from the previous week; the total inventory was 1.5596 million tons, down 23,200 tons from the previous week.

Industry dynamics: In late May 2025, the steel inventory of key steel enterprises was 15.3 million tons, a decrease of 1.05 million tons from the previous ten days, a decrease of 6.4%; an increase of 2.93 million tons from the beginning of the year, an increase of 23.7%; an increase of 10,000 tons from the same ten days of the previous month, an increase of 0.1%; an increase of 730,000 tons from the same ten days of last year, an increase of 5.0%, and a decrease of 320,000 tons from the same ten days of the previous year, a decrease of 2.0%.

From May 1 to 31, the national passenger car market retailed 1.93 million vehicles, an increase of 13% year-on-year from May last year, an increase of 10% from the previous month, and a cumulative retail sales of 8.802 million vehicles so far this year, a year-on-year increase of 9%; from May 1 to 31, the national passenger car manufacturers wholesaled 2.329 million vehicles, an increase of 14% year-on-year from May last year, an increase of 6% from the previous month, and a cumulative wholesale sales of 10.797 million vehicles so far this year, a year-on-year increase of 12%.

Market forecast: On the whole, the off-season is evident in June, and some state-owned production enterprises have stopped production for maintenance during this period. SunSirs expects that the price of galvanized sheet and galvanized coil may remain weak and consolidate in the short term.

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