SunSirs: The Price of Color Coated Sheet Was Stable This Week (July 15- 19)

https://www.chemnet.com   Jul 19,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheet had slightly decreased this week. On July 15th, the market price of color coated sheet was 6,350 RMB/ton, and on July 19th, the price was 6,350 RMB/ton. The price tended to stabilize compared to last week, but decreased by 7.74% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet had slightly decreased this week. On Friday (July 19th), the price of galvanized sheet was 4,758 RMB/ton, a decrease of 1.795% compared to last week and a decrease of 5.25% compared to the same period last year. The downstream demand in the coating market was lukewarm, and market transactions were relatively weak.

Market outlook

Considering the arrival of the off-season, although most factories' costs continued to rise, their shipping mentality continued, and their offers remained strong at high levels. This week, most of the domestic facilities started working normally, but production and sales have not yet been balanced, and inventory is accumulating. It is expected that the price of color coated sheets will be stable in the short term.

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