Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets has tended to stabilize this week. On January 13th, the market price of color coated sheet was 6,850 RMB/ton, and on January 17th, the price was 6,850 RMB/ton. The price tended to stabilize compared to last week, but decreased by 0.233% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (January 17th), the price of galvanized sheet was 4,417 RMB/ton, an increase of 0.432% compared to last week and a decrease of 14.89% 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 supply of five major steel varieties reached 8.2406 million tons, an increase of 156,400 tons or 1.9% compared to the previous week; The total inventory was 11.515 million tons, an increase of 191,500 tons on a week on week basis, with a growth rate of 1.5%; The weekly consumption was 8.0491 million tons, an increase of 1.7% compared to the previous month, including a 1.1% increase in building materials consumption and a 1.9% increase in board consumption.

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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