1. International: Entering December, the probability of a Federal Reserve interest rate cut has increased significantly; domestic macroeconomic expectations are gradually strengthening, with a focus on subsequent policy changes. This week, galvanized steel coil prices fluctuated between $2 and $3.
2. Supply Side: This week, pig iron production decreased by 16,000 tons to 2.3468 million tons, remaining high and still putting pressure on future finished steel supply; production of the five major steel products increased by 58,000 tons to 8.5571 million tons, with supply showing a steady increase.
3. Purchasing Side: Total inventory of the five major steel products decreased by 322,900 tons to 14.0081 million tons, and apparent demand decreased by 61,600 tons to 8.88 million tons, indicating a decline in apparent demand, consistent with off-season characteristics.
4. Raw Material Side: Raw material differentiation continues. Pig iron prices have slightly decreased but remain high, with iron ore prices showing significant support, still putting pressure on future supply and inventory; coal and coke prices are affected by supply and demand structures, with the first round of coke price reductions beginning, and the market remains weak in the short term.
Jingtai's factory mainly produces PPGI, PPGL, GL, and GI. Please contact us if you have any needs.
