SunSirs: The Price of Color Coated Sheet Had Slightly Increased This Week (November 4-8)
November 11 2024 09:27:14 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of color coated sheet had slightly increased this week. On November 4th, the market price of color coated sheet was 6,500 RMB/ton, and on November 8th, the price was 6,600 RMB/ton, an increase of 1.53% compared to last week and a decrease of 4.8% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet had slightly increased this week. On Friday (November 8th), the price of galvanized sheet was 4,390 RMB/ton, an increase of 0.47% compared to last week and a decrease of 16.69% 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 supply of five major steel varieties was 8.6149 million tons, a decrease of 57,900 tons or 0.7% compared to the previous week; The total inventory was 12.188 million tons, a decrease of 161,000 tons or 1.3% compared to the previous week; The weekly consumption was 8.776 million tons, a decrease of 1.6% compared to the previous period; Among them, the consumption of building materials decreased by 4.6% month on month, while the consumption of board materials increased by 0.2% month on month.
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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