SunSirs: The Price of Color Coated Sheet Tended to Stabilize This Week (November 25- 29)
November 29 2024 15:24:06 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 November 29th, the market price of color coated sheet was 6,650 RMB/ton, and on November 29th, the price was 6,650 RMB/ton. The price tended to stabilize compared to last week, but decreased by 4.76% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet has slightly increased this week. On Friday (November 29th), the price of galvanized sheet was 4,362 yuan/ton, an increase of 0.87% compared to last week and a decrease of 20.45% 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 8.615 million tons, a decrease of 78,000 tons or 0.9% compared to the previous week; The total inventory was 11.7347 million tons, a decrease of 160,100 tons on a week on week basis, with a decrease of 1.3%; The apparent consumption was 8.7751 million tons, a decrease of 0.7% compared to the previous period. Among them, the consumption of building materials decreased by 4.2%, and the consumption of sheet metal increased by 1.4%.
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.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
