Galvanized coil prices face downward pressure.

After the May 1st, the five major varieties of steel generally appeared in the accumulation of stockpiles. The market sentiment was affected by the black futures market, and the overall performance was relatively pessimistic. The situation of galvanized steel coils is also worrying, with steel mill inventories and social inventories at high levels during the year.

With the gradual improvement of the epidemic situation, transportation in various regions are also in the process of slow recovery, and there may be a certain time lag with the recovery of market demand. It is expected that the inventory of steel mills will start to accelerate the transfer to the social inventory side in the middle and late May, and at the same time, the pressure of the market will also follow.

Under the current situation of "weak demand and weak expectation", and the pressure on the inventory side is superimposed, the short-term galvanized coil market price may still have a certain room for downside.