Price trend:
The market experienced wide fluctuations, and the galvanized steel sheet and coil spot market lacked confidence, resulting in a stalemate and a wait-and-see attitude. Overall trading activity was light, and transaction volumes failed to increase significantly. Both end-users and intermediaries adopted a cautious approach. According to SunSirs' commodity market analysis system, as of December 12th, the average price of galvanized steel sheets and coils in the domestic market was 4,122.50 RMB/ton, a slight decrease of 0.18% compared to the beginning of the week.
Market Analysis
Fundamentals: Recent market trends showed characteristics of a seasonal slowdown, with a continuous contraction in end-user demand. Downstream manufacturing and construction industries were affected by seasonal factors, resulting in insufficient new orders, increased pressure on cash flow, and a slowdown in purchasing activity. According to the latest data from SunSirs, the overall operating rate for galvanized steel sheets last week was 79.93%; the capacity utilization rate was 66.73%, an increase of 0.64% compared to last week; weekly production was 951,700 tons, an increase of 9,100 tons compared to last week; and steel mill inventory was 501,200 tons, a decrease of 3,300 tons compared to the week before last.
Regarding steel mills, Baosteel and Anshan Iron & Steel Group released their January ordering policies last week. The ordering prices for galvanized steel sheets and coils and color coated steel coils remained unchanged or increased by 100 RMB/ton compared to the previous period.
Industry Trends: As of December 11th, several listed real estate companies had released their sales figures for the first eleven months of 2025. According to statistics, the total sales of 17 key real estate companies from January to November amounted to 1,199.231 billion RMB, a year-on-year decrease of 21.4%; their sales in November totaled 100.593 billion RMB, a year-on-year decrease of 32.1% and a month-on-month decrease of 7.5%.
In November, China's monthly automobile production exceeded 3.5 million units for the first time, setting a new historical record. In the first 11 months of this year, both automobile production and sales exceeded 31 million units, representing a year-on-year increase of over 10%.
Market Outlook
Overall, market suppliers were experiencing average sales performance, and end-user demand continued to shrink. Market participants were generally adopting a cautious wait-and-see attitude towards future market trends. SunSirs predicts that the price of galvanized steel sheets and coils will continue to decline slightly in the short term.
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