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 14th, the market price of color coated sheet was 6,500 RMB/ton, and on October 18th it is 6,500 RMB/ton. The price has increased by 1.56% 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 has slightly decreased this week. On Friday (October 18th), the price of galvanized sheet was 4,465 RMB/ton, a decrease of 1.21% compared to last week and a decrease of 15.78% compared to the same period last year. The downstream demand in the coating market is lukewarm, and market transactions are relatively weak.

Market outlook

According to data from the China Iron and Steel Association, in early October 2024, key steel companies produced a total of 20.49 million tons of crude steel, with an average daily output of 2.049 million tons and a month on month increase of 1.7%; 18.55 million tons of pig iron were produced, with an average daily output of 1.855 million tons and a month on month increase of 0.3% in daily output; Steel production was 19.33 million tons, with an average daily output of 1.933 million tons, a decrease of 9.6% compared to the previous period.

Considering the arrival of the off-season, although most factories' costs continue 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 is accumulating. It is expected that the price of color coated sheets will remain stable in the short term.

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