SunSirs: The Price of Color coated Sheet Tended to Stabilize This Week (October 21-25)

https://www.chemnet.com   Oct 28,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets has tended to stabilize this week. On October 21st, the market price of color coated sheet was 6,500 RMB/ton, and on October 25th, the price was 6,500 RMB/ton. The price tended to stabilize compared to last week, and decreased by 6.68% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet had slightly decreased this week. On Friday (October 25th), the price of galvanized sheet was 4,368 RMB/ton, a decrease of 2.17% compared to last week and 17.19% 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 8.8058 million tons, with a weekly increase of 71,600 tons; The total inventory of steel was 12.5932 million tons, a decrease of 132,200 tons compared to the previous week; The weekly apparent consumption of the five major varieties was 8.938 million tons, a decrease of 1.9% compared to the previous period.

Considering the arrival of the off-season, although most factories' costs continued to rise, their shipping mentality continues, and their offers remain 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.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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