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SunSirs: On October 21st, the Price of Galvanized Sheet and Color Coated Sheet Were Weak and Stable.
October 22 2021 13:36:43SunSirs(John)

Price trend

Analysis review

On the 21st, the hot rolled coil futures opened at a high price, and then the price went lower and fell sharply. Hot rolled coil 2201 plummeted: closing at 5,268, down 346, a decline of 6.16%, opening at 5,540, highest at 557, lowest at 5,200, holdings of 450,000 lots, an increase of 64,000 lots.

According to the data monitoring of SunSirs, on the 21st, the spot price of galvanized coil was 6,765 RMB/ton, and the spot price of color coated sheet was 8,916.67 RMB/ton, and the market price was temporarily stable. Traders learned that the transaction performance was weak, and there were signs of secretly lowering prices for shipments.

Market outlook

In general, the prices of galvanized sheet and color coated sheet will weakly fluctuate mainly in the short term.

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