SunSirs: The Price of Color Coated Sheets Tends to Stabilize This Week (January 6-10)
January 10 2025 14:00:36 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 January 6th, the market price of color coated sheet was 6,850 RMB/ton, and on January 10th, the price is 6,850 RMB/ton. The price tends to stabilize compared to last week, but decreases by 0.954% compared to the same period last year.
Analysis review
Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (January 10th), the price of galvanized sheet is 4,398 RMB/ton, an increase of 0.136% compared to last week and a decrease of 15.53% compared to 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 is 8.0842 million tons, a decrease of 212,200 tons or 2.6% compared to the previous week; The total inventory is 11.3235 million tons, an increase of 166,100 tons month on month, with a growth rate of 1.5%. The weekly consumption is 7.9181 million tons, a decrease of 3.8% compared to the previous period; Among them, the consumption of building materials decreases by 8.0% month on month, and the consumption of sheet metal decreases by 1.6% month on month.
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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