SunSirs: This Week, the Price of Color Coated Sheets Tended to Stabilize (December 9-13)

https://www.chemnet.com   Dec 13,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheet had slightly increased this week. On December 9th, the market price of color coated sheet was 6,800 RMB/ton, and on December 13th, the price was 6,800 RMB/ton. The price tended to stabilize compared to last week, but decreased by 2.62% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet had slightly increased this week. On Friday (December 13th), the price of galvanized sheet was 4,423 RMB/ton, an increase of 0.29% compared to last week and a decrease of 16.07% 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 8.607 million tons, a decrease of 5,400 tons or 0.06% compared to the previous week; The total inventory was 11.3913 million tons, a decrease of 209,700 tons or 1.81% compared to the previous week; The weekly consumption was 8.8167 million tons, with a weekly increase of 70,600 tons or 0.81%.

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 had 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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