SunSirs: This Week, the Price of Color coated sheet Tended to Stabilize (September 16-20)
September 23 2024 09:10:13 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets tended to stabilize this week. On September 16th, the market price of color coated sheet was 6,000 RMB/ton, and on September 20th, the price was 6,000 RMB/ton, a decrease of 0.82% compared to last week and a decrease of 14.48% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet had slightly decreased this week. On Friday (September 20th), the price of galvanized sheet was 4,050 RMB/ton, an increase of 0.24% compared to last week and a decrease of 16.66% 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 total inventory of steel was 13.8223 million tons, a month on month decrease of 364,800 tons. Among them, the inventory of steel mills was 3.9944 million tons, an increase of 68,000 tons compared to the previous period; The social inventory was 9.8279 million tons, a month on month decrease of 432,800 tons.
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 had 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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