SunSirs: The Price of Color Coated Sheet Tended to Stabilize This Week (February 17-21)

Price trend

According to the Commodity Market Analysis System of ,, the price of color coated sheets has tended to stabilize this week. On February 17th, the market price of color coated sheet was 6900 RMB/ton, and on February 21st, the price was 6,900 RMB/ton. The price has stabilized compared to last week and increased by 1.94% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly increased this week. On Friday (February 21), the price of galvanized sheet was 4,462 RMB/ton, an increase of 0.044% compared to last week and a decrease of 13.89% 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 varieties was 8.3601 million tons, an increase of 213,900 tons on a week on week basis, with a growth rate of 2.6%; The total inventory was 18.6414 million tons, an increase of 416,300 tons on a week on week basis, with a growth rate of 2.3%; The apparent consumption was 7.9438 million tons, an increase of 19.8% compared to the previous period. Among them, the consumption of building materials increased by 99.0%, and the consumption of board materials increased by 2.9%.

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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