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 24th, the market price of color coated sheet was 6,800 RMB/ton, and on March 28th, the price was 6,800 RMB/ton. The price stabilized compared to last week and increased by 3.56% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly increased this week. On Friday (March 28th), the price of galvanized sheet was 4,430 RMB/ton, an increase of 0.18% compared to last week and a decrease of 16.43% 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 8.695 million tons, an increase of 40,800 tons or 0.5% compared to the previous week; The total inventory was 17.3781 million tons, with a weekly decrease of 502,800 tons, a decrease of 2.8%; The weekly consumption was 9.1978 million tons, an increase of 1.4% month on month, including a 2.1% increase in building materials consumption and a 1% increase in sheet 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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