Last week, the spot price of galvanized sheets and galvanized coils adjusted weakly. At the beginning of last week, hot-rolled coil futures fluctuated upward, driving an increase in market inquiries and releasing terminal demand; the market fluctuated in the late last week, and the market trading atmosphere returned to a flat atmosphere. Combined with the seasonal influence of high temperature and heavy rain, the spot market transaction performance was general. According to the commodity market analysis system of SunSirs, the price of galvanized sheets and coils fell slightly across the country last week. As of June 20, the average market price of galvanized sheets and galvanized coils in China was 4,100.00 RMB/ton, down 0.24% from the beginning of the week.

Fundamentals: There is a lot of rain in the south, and the market transaction performance is general, while the supply remains at a relatively high level. The contradiction between supply and demand still exists. The current market mostly exchanges price for volume to promote transactions. According to the latest data obtained by SunSirs, the overall operating rate of galvanized sheets last week was 81.29%; the capacity utilization rate was 63.19%, a decrease of 0.04% from the previous week; the weekly output was 901,300 tons, a decrease of 5,000 tons from the previous week.

According to feedback from market merchants, both downstream end customers and traders are unwilling to stock up, and they mainly purchase on demand. The supply of galvanized sheet and galvanized coil remains high, inventory reduction is slow, and the contradiction between supply and demand still exists. As of June 20, the inventory of steel mills across the country was 470,800 tons, a decrease of 1,100 tons from last week; the social inventory was 1,062,700 tons, a decrease of 10,000 tons from last week; the total inventory was 1,533,500 tons, a decrease of 11,100 tons from last week. The current inventory reduction is slow, and many merchants still have inventory pressure.

Industry dynamics: According to the data pushed by Aowei Cloud Network, 14.31 million household air conditioners will be produced in July 2025, a year-on-year decrease of 3.8%; of which 8.82 million units will be produced for domestic sales, a year-on-year increase of 7.4%; and 5.49 million units will be produced for export, a year-on-year decrease of 17.7%.

Market forecast: On the whole, the supply of steel mills will continue to remain high, and the speed of galvanized sheet inventory reduction will be slow.

SunSirs expects that the price of galvanized sheet and galvanized coil will continue to be weak in the short term.

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