SunSirs: The Price of Galvanized Sheet and Color Coated Sheet Fell Sharply on October 28
October 29 2021 13:30:16 SunSirs (John)
Price trend
Analysis review
According to the price monitoring of SunSirs, on the 28th, the market price of galvanized sheet was 6,702.5 RMB/ton, and the market price of color coated sheet was 8,866.67 RMB/ton. The hot rolled coil futures market oscillated at a low level, and the demand side continued to be sluggish. The mentality of galvanized sheet merchants was generally pessimistic, and spot prices fell one after another. At the end of the month, there was a lot of pressure on funds, and some merchants even lost money for shipments to make working capital.
Market outlook
In general, the prices of galvanized sheet and color coated sheet are mainly weak and fluctuating in the short term.
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