Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheet has slightly decreased this week. On March 17th, the market price of color coated sheet was 6,850 RMB/ton, and on March 21st it is 6,800 RMB/ton, a decrease of 0.729% compared to last week and an increase of 4.32% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (March 21), the price of galvanized sheet was 4,422 RMB/ton, a decrease of 0.405% compared to last week and a decrease of 12.69% compared to 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 supply of five major steel varieties was 8.6542 million tons, an increase of 1.4%, and the total inventory was 17.8809 million tons, with a decrease of 2.3%. The weekly apparent consumption was 9.0695 million tons, an increase of 2.6% month on month, including a 5.5% increase in building materials consumption and a 1.0% increase in sheet consumption.

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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