Price trend:

Last week, hot rolled coil futures prices fluctuated downwards, while the spot market for galvanized sheets and coils saw a generally subdued trading atmosphere, with prices showing a weak and stable trend. According to the SunSirs commodity market analysis system, as of November 14, the average price of galvanized sheets and coils in the domestic market was 4,150.00 RMB/ton, a slight decrease of 0.66% compared to the beginning of the week.

Market Analysis

Fundamentals:

It is understood that the capacity utilization rate of galvanized sheets and coils remained around 62% recently, with an overall large supply, resulting in persistently high social inventories. According to the latest data from SunSirs, this cycle the overall operating rate of galvanized sheets and coils was 78.91%; the capacity utilization rate was 62.95%, up 0.26% from the week before last; weekly output was 897,800 tons, up 3,600 tons from the week before last; steel mill inventory was 507,500 tons, down 1,400 tons from the week before last; social inventory was 1,331,100 tons, down 9,300 tons from the week before last; and total inventory was 1,838,600 tons, down 10,700 tons from the week before last.

On the steel mill side, Baosteel and Anshan Iron & Steel released their December ordering policies last week. Among them, the ordering price of galvanized sheets and coils remained the same as the previous period, while the ordering price of Anshan Iron & Steel's color coated steel coils decreased by 100 RMB/ton compared with the previous period.

Industry Dynamics: In early November 2025, key steel enterprises produced a total of 19.26 million tons of crude steel, with an average daily output of 1.926 million tons, representing a 6.0% increase in daily output compared to the previous period; 18.04 million tons of pig iron, with an average daily output of 1.804 million tons, representing a 3.5% increase in daily output compared to the previous period; and 18.84 million tons of steel products, with an average daily output of 1.884 million tons, representing a 5.5% decrease in daily output compared to the previous period.

Market Forecast:

Overall, demand for galvanized sheets and coils was relatively low compared to other cold rolled products, and the continued accumulation of inventory was putting significant pressure on destocking. With supply remaining high, prices are unlikely to rise. SunSirs predicts that galvanized sheets and coils prices will likely remain weaker in the short term.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.