Galvanizing started slightly weaker in Q1 compared to the same period last year. How will the demand perform in the future?[SMM Analysis ]

๊ฒŒ์‹œ๋จ: Mar 26, 2025 14:57
์ถœ์ฒ˜: SMM
As Q1 of 2025 is about to end, during the Chinese New Year holiday, galvanizing enterprises gradually entered the holiday maintenance rhythm from early January. At the same time, due to the cold weather, most construction projects also gradually entered the holiday rhythm, and demand began to pull back. After the holiday, large factories resumed operations first, while small factories resumed operations around the Lantern Festival. The progress of project construction resumption was slow, and demand slowly climbed. In February, infrastructure investment increased slightly YoY, with most enterprises fulfilling pre-holiday orders. The operating rate of galvanizing producers slowly rose, but compared to the same period, the operating rate was relatively weak. By March, there was no significant "Golden March" peak season as in previous years. Will demand improve in Q2?

๋ฐ์ดํ„ฐ ์ถœ์ฒ˜ ์„ค๋ช…: ๊ณต๊ฐœ ์ •๋ณด๋ฅผ ์ œ์™ธํ•œ ๋ชจ๋“  ๋ฐ์ดํ„ฐ๋Š” SMM์ด ๊ณต๊ฐœ ์ •๋ณด, ์‹œ์žฅ ์ปค๋ฎค๋‹ˆ์ผ€์ด์…˜ ๋ฐ SMM ๋‚ด๋ถ€ ๋ฐ์ดํ„ฐ๋ฒ ์ด์Šค ๋ชจ๋ธ์„ ๊ธฐ๋ฐ˜์œผ๋กœ ๊ฐ€๊ณตํ•œ ๊ฒƒ์ž…๋‹ˆ๋‹ค. ๋ณธ ์ž๋ฃŒ๋Š” ์ฐธ๊ณ ์šฉ์ด๋ฉฐ ์˜์‚ฌ๊ฒฐ์ • ๊ถŒ๊ณ ๋ฅผ ๊ตฌ์„ฑํ•˜์ง€ ์•Š์Šต๋‹ˆ๋‹ค.

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As Q1 of 2025 is about to end, during the Chinese New Year holiday, ga - Shanghai Metals Market (SMM)