SunSirs: This Week, the Price of Color Coated Sheets Tended to Stabilize (January 20-24)

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 20th, the market price of color coated sheet was 6,850 RMB/ton, and on January 24th, the price was 6,850 RMB/ton. The price tended to stabilize compared to last week, but decreased by 0.233% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has stabilized this week. On Friday (January 24th), the price of galvanized sheet was 4,410 RMB/ton, a decrease of 0.158% from last week and 14.94% from 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 8.1158 million tons, a decrease of 124,800 tons compared to the previous week; The total inventory was 12.533 million tons, an increase of 1.018 million tons on a weekly basis; The weekly consumption of the five major varieties was 7.0978 million tons, a decrease of 951,300 tons compared to the previous week.

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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