Prepainted Galvanized Steel Coil Price Forecast For This Week

With the continuous implementation of favorable macroeconomic policies and the cooler weather, downstream terminal demand has started. At the same time, the market's expectations for peak season demand are still there, and operating sentiment has improved. The recent continuous depreciation of the RMB has increased the internal valuation of iron ore. , the inventory of imported iron ore in 45 ports across the country decreased by 2.59 million tons month-on-month. The inventory of iron ore in steel mills is at a historical low. Supported by the expected replenishment, the cost side has risen strongly, driving the ex-factory price of steel mills to remain high. Merchants are buying up but not buying. Under the influence of falling psychology, inventory replenishment has increased, and market transactions have increased month-on-month. It is expected that Prepainted Galvanized Steel Coil prices will be stable to strong this week, with a range of US$2-4/ton.