Galvanised Iron Sheets Price Forecast For Wednesday

With the gradual implementation of macro policies, the market’s expectations for policies have declined, and the start-up of terminal demand is limited. Under the influence of foreign bank incidents and the European Central Bank’s interest rate hike, international capital investment expectations have declined, futures and stock markets have fallen sharply, and speculative demand weakened. At the same time, the National Development and Reform Commission has joined forces with multiple departments to strengthen the supervision of iron ore and coal prices, interviewed a number of futures institutions, and strictly prohibited illegal behaviors. Coking coal and coke led the decline in the entire black market. Weakening, the short-term Galvanised Iron Sheets price may continue to bottom out, and it is expected that the price of steel products after the festival may fluctuate and run weakly, with a range of 10-30 yuan (RMB)/ton.