SunSirs: This Week, the Price of Color Coated Sheet Tended to Stabilize (September 2-6)
September 06 2024 14:18:13 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets has tended to stabilize this week. On September 2nd, the market price of color coated sheet was 6,100 RMB/ton, and on September 6th, the price was 6,100 RMB/ton. The price tended to stabilize compared to last week, but decreased by 12.64% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (September 6th), the price of galvanized sheet was 4,090 RMB/ton, a decrease of 2.85% from last week and 21.34% 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 supply of five major steel varieties reached 8.0117 million tons, an increase of 225,100 tons or 2.9% compared to the previous week; The total inventory was 15.0921 million tons, a decrease of 537,400 tons or 3.4% compared to the previous week; The weekly consumption was 8.5492 million tons, a decrease of 2.66% compared to the previous period.
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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