SunSirs: The Price of Color Coated Sheet Had Slightly Increased This Week (December 2-6)
December 09 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 December 2nd, the market price of color coated sheet was 6,750 RMB/ton, and on December 6th it was 6800 RMB/ton, an increase of 2.25% compared to last week and a decrease of 2.62% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet has slightly increased this week. On Friday (December 6th), the price of galvanized sheet was 4,410 RMB/ton, an increase of 1.1% compared to last week and a decrease of 18.21% 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 Friday, the supply of major steel products was 8.6124 million tons, a decrease of 0.26 million tons or 0.04% compared to the previous week. The total inventory of the five major steel products was 11.601 million tons, a decrease of 133,700 tons or 1.14% compared to the previous week. The weekly consumption of the five major varieties was 8.7461 million tons, a decrease of 0.3% compared to the previous period; Among them, the consumption of building materials decreased by 0.5% month on month, and the consumption of board materials decreased 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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