Price trend
According to the Commodity Market Analysis System of SunSirs, the price of color coated sheet has slightly decreased this week. On April 7th, the market price of color coated sheet was 675 RMB/ton, and on April 11th, the price was 6750 RMB/ton, a slight decrease of 0.735% compared to last week and an increase of 4.39% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (April 11th), the price of galvanized sheet was 4,365 RMB/ton, a decrease of 1.46% compared to last week and a decrease of 12.26% 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 board consumption.
Considering the arrival of the off-season, although most factories' costs continued to rise, their shipping mentality continued, 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 was accumulating. It is expected that the price of color coated sheets will be stable in the short term.
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