Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets has tended to stabilize this week. On March 10th, the market price of color coated sheet was 6,850 RMB/ton, and on March 14th, the price was 6,850 RMB/ton. The price has stabilized compared to last week and increased by 3.53% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (March 14th), the price of galvanized sheet was 4,440 RMB/ton, a decrease of 0.224% from last week and 13.02% from the same period last year. The downstream demand in the coating market is lukewarm, and market transactions are relatively weak.

Market outlook

This week, the five major steel varieties supplied 8.5321 million tons, an increase of 189,300 tons on a week on week basis, with a growth rate of 2.3%; The total inventory was 18.2962 million tons, a decrease of 306,700 tons or 1.6% compared to the previous week; The weekly consumption was 8.8388 million tons, with building materials consumption increasing by 6.8% month on month and sheet consumption increasing by 1.9% month on month.

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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