[Market bearish expectations converge, and the price of grain-oriented electrical steel will remain stable next week] Looking ahead, market bearish expectations for grain-oriented electrical steel have converged. Considering factors such as supply, demand, and the macro environment, it is expected that the price of grain-oriented electrical steel in Shanghai will remain stable next week, with a low probability of minor fluctuations.

[Next week, the price of cold-rolled grain-oriented electrical steel may run in the doldrums, with the process of gradual decline not yet over] From the perspective of subsequent trends, due to market participants' lack of confidence in the current market environment and the widespread belief that prices will still undergo a prolonged process of gradual decline, it is difficult to expect a substantive reversal in the short term. Considering the above factors, it is anticipated that next week, the price of cold-rolled grain-oriented electrical steel may predominantly run in the doldrums, with relatively limited price fluctuations.

[Futures market rises, stabilizing market confidence; Shanghai's non-oriented electrical steel to remain stable next week] This week, the price of cold-rolled non-oriented electrical steel in Shanghai remained stable, with overall market transactions being generally average. Market feedback indicates that there was a significant rise in the futures market this week, but electrical steel traders remained cautious, adhering to stable pricing and prioritizing shipments. With fierce competition in the non-oriented electrical steel market, it was difficult to boost prices. In July, there was significant pressure on orders for non-oriented electrical steel, with some manufacturers offering substantial price discounts, prompting traders to purchase in small quantities. Downstream industries are in the off-season for demand, with motor enterprises primarily replenishing inventory as needed. In summary, it is anticipated that Shanghai's non-oriented electrical steel will remain stable next week.

[It is difficult for the transformer industry to launch large-scale projects in the short term. The electrical steel market in Shanghai is expected to remain in the doldrums next week.] Looking ahead, the sluggish market transaction situation may not improve. Except for large end-users, downstream enterprises show low enthusiasm for purchasing. It is difficult for the transformer industry to launch large-scale projects in the short term. It is expected that the electrical steel market in Shanghai will remain in the doldrums next week, and there is still downward pressure on prices.

[Next week, Shanghai's non-oriented electrical steel market will remain in the doldrums, with room for further price reductions] This week, prices of cold-rolled non-oriented electrical steel in Shanghai have generally declined, and there are no signs of improvement in overall market transactions. This week, the HRC futures market has shown significant strength. The Central Financial and Economic Affairs Commission meeting pointed out that enterprises should be regulated in accordance with laws and regulations to address low-price and disorderly competition, guiding them to enhance product quality and promoting the orderly exit of outdated capacity. Market expectations for supply-side reforms have heated up, and market sentiment has improved. However, there is a lack of confidence in the non-oriented electrical steel market, and there is no expectation of a price rebound. In terms of fundamentals, state-owned enterprises mainly supply directly to end-users, with fewer resources from state-owned enterprises in the trade and circulation sector. Due to poor expectations, producers are under pressure to take orders. There is a significant hidden price reduction in the acceptance price of non-oriented electrical steel. Traders are cautious in purchasing, and downstream small end-users purchase on demand, lacking the motivation to restock.

[Next week, Shanghai's electrical steel market is expected to remain in the doldrums, with relatively small possibility of volatile prices] Looking ahead at the subsequent market, the current market transaction performance remains sluggish, and it is difficult to reverse the situation of insufficient willingness to purchase among downstream enterprises in the short term. Considering various factors comprehensively, it is anticipated that the Shanghai electrical steel market will maintain a doldrums-like operation next week, with relatively small possibility of volatile prices.