[SMM analysis] galvanized start-up rate fell further in May and there was no new growth in demand in June.

Telah Terbit: Jun 12, 2019 18:10
After gold 3 and silver 4, the terminal consumption is stable and weak, while the black raw material remains high due to cost reasons, under the double pressure, the finished product inventory of galvanizing pipe plant remains high and the cost upside down pressure has not been alleviated; in the late second quarter, in addition to rail crossing and tower demand continues to improve, infrastructure to galvanize consumption boost and no new growth point, galvanized start-up rate recorded a decline.

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