Price Forecast For Color-coated Aluminum Coil And Steel Coil This Week

1. Raw material market analysis
The fundamentals of billet itself are generally good, and the overall stimulus to the market is limited, but iron ore inventory is large, molten iron remains high, and support is still there. It is expected that the billet will remain stable this week.
Iron ore is still in high inventory and high supply, and the policy support continues to give the market strong expectations. This is a game between reality and expectations. It is expected that the price of ore will fluctuate this week.
With the improvement of raw material arrival, steel mills have maintained on-demand purchases of coke. In addition, during the important meeting, the market still has expectations for the policy side. It is expected that Coke will remain strong this week.
2. Comprehensive analysis of color-coated aluminum coil prices
The expectation of interest rate cuts by the Federal Reserve has increased again, and the US dollar index has risen, which is good for commodity prices. An important domestic meeting was held on the 15th. The domestic GDP data in the second quarter increased by 4.7% year-on-year, which was lower than market expectations. The market economy is still not optimistic and needs strong policy stimulus. Although the average daily output of molten iron on the industrial side has declined, it is still at a high level. The demand for iron ore and coke is large, and the coke enterprises in Shandong and Shanxi have stopped production. The cost side continues to support it. In addition, the number of steel enterprises stopping production and maintenance in the off-season has increased, and the pressure on steel supply has weakened. The market sentiment has eased. It is expected that the price of galvanized steel coils will rise steadily this week, with a range of 20-40 yuan/ton. The advantages of Jingtai Steel Coil Factory's products are color-coated steel coils and galvanized steel coils with thick plates. Customers who need thick plate steel coils can contact us.