Judging from the current market atmosphere and business expectations, the South China coating market may fluctuate strongly after the holiday. The specific range needs to focus on the general environmental trend of the steel market and changes in supply and demand. From a fundamental perspective, recently, steel production and demand have declined, steel mill inventories have fallen, and social inventories have increased. In terms of production, the operating rate of blast furnaces rose slightly last week, while the capacity utilization rate of electric furnaces fell sharply. Huachuang Securities Research pointed out that from the perspective of supply, the operating rate of the long process increased last week, the utilization rate of the short process decreased significantly, the total volume of the five major materials further declined, and the rebar output declined the most.