SunSirs: Inventory Accumulated, Galvanized Sheet and Coil Market Operated Weakly and Steadily

Price trend

Hot rolled coil futures fluctuated within a narrow range last week, while spot galvanized sheet and coil prices remained relatively stable. Market participants reported decent shipments on the first day after the holiday, followed by average performance on the remaining days. According to the SunSirs Commodity Market Analysis System, as of October 11th, the average domestic galvanized sheet and coil price was 4,210.00 RMB/ton, a slight increase of 0.42% compared to pre-holiday levels.

Fundamentals:

Post-holiday demand for restocking led to a temporary recovery in spot market trading, with some traders reporting that transaction volumes had surpassed pre-holiday levels. However, as the holiday period primarily consumed pre-holiday inventory, the overall pace of shipments was slow. Furthermore, with continued arrivals, inventory accumulated slightly. Traders were less confident about the sustainability of future demand and were generally adopting a cautious wait-and-see approach.

According to the latest data obtained by SunSirs, the overall operating rate of galvanized sheets last week was 80.61%; the capacity utilization rate was 63.32%, a decrease of 0.68% from the previous week; the weekly output was 903,100 tons, a decrease of 9,800 tons from the previous week; the steel plant inventory was 515,300 tons, an increase of 18,600 tons from the previous week; the social inventory was 1.3173 million tons, an increase of 35,400 tons from the previous week; the total inventory was 1.8326 million tons, an increase of 54,000 tons from the previous week.

Benxi Steel's November 2025 policy: galvanized prices will increase by 100 RMB/ton, while hardened steel prices, pickling prices, and silicon steel prices will remain unchanged, excluding tax. Anshan Iron and Steel's November 2025 price adjustment: galvanized prices will increase by 100, galvanized steel prices will increase by 100 RMB/ton, and pickling prices will remain unchanged, excluding tax.

Industry News:

On October 7, the European Union announced restrictive measures on steel imports, proposing a significant reduction in tariff-exempt steel import quotas and raising steel tariffs from 25% to 50%.

According to statistics, as of October 9, 14 automakers released their new energy vehicle sales data for September. On a year-on-year basis, 11 automakers saw growth in new energy vehicle sales in September, while on a month-on-month basis, 13 automakers saw growth in new energy vehicle sales in September.

Market outlook

There was a brief burst of transactions on the first day after the holiday, but transactions gradually declined in the past two days. Due to factors such as inventory pressure, many traders reduced prices slightly in exchange for transactions. It is expected that the price of galvanized sheet and coil may remain weaker in the short term.

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