SunSirs: The Price of Color Coated Sheet Tended to Stabilize This Week (August 19-23)

https://www.chemnet.com   Aug 26,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets tended to stabilize this week. On August 19th, the market price of color coated sheet was at 6,150 RMB/ton, and on August 23rd, the price was at 6,150 RMB/ton. The price tended to stabilize compared to last week, but decreased by 12.55% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet had slightly decreased this week. On Friday (August 23), the price of galvanized sheet was 4,263 RMB/ton, a decrease of 2.35% compared to last week and 17.14% compared to the same period last year. The downstream demand in the coating market was lukewarm, and market transactions were relatively weak.

Market outlook

This week, the five major steel varieties supplied 7.7894 million tons, an increase of 9,600 tons or 0.1% compared to the previous week; The total inventory of the five major steel products was 16.4186 million tons, with a decrease of 581,400 tons or 3.42% compared to the previous period; The weekly consumption of the five major varieties was 8.3708 million tons, an increase of 4.6% compared to the previous period; Among them, building materials consumption decreased by 0.5% month on month, while board consumption increased by 7.3% month on month.

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 was accumulating. It is expected that the price of color coated sheets will remain stable in the short term.

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