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SunSirs: April 30 color-coated coils run smoothly

May 06 2020 09:16:26     SunSirs (Molly)

This week, the price of color-coated coils fell weakly from last week. Today (4.30), prices are stable compared with yesterday. The average price of Shanghai Baosteel 0.5 * 1200 * C hot-dip galvanized color-coated plates is about 6333 yuan / ton, down from last Friday 0.52% is about 30 yuan / ton.

In terms of supply, from the perspective of steel mills, there is not much accumulated color-coated board inventory. At present, the steel mill operating rate has reached a peak, the production capacity has been fully released, and the output continues to increase. As of today, the total color-coated social stock is 210,000 tons. This is a decrease of 0.98% from last week by approximately 21.100 tons. In terms of futures, today's hot-volume futures fluctuated upward. The main contract of the hot-volume futures closed at 3211 yuan / ton, an increase of 54 yuan / ton from the settlement price of the previous trading day. In terms of the market, the price of color coating in most parts of the country today is stable compared to yesterday. As the holiday is approaching, in order to alleviate post-holiday funds and inventory pressure, some merchants have lowered their prices slightly, and their mentality is mostly shipment. Imbalance between supply and demand, inventory pressure is still relatively large, the overall transaction performance is average today.

Future market forecast: inventory continues to decline but is still at a high level, downstream demand continues to release, is expected to usher in a small wave of purchasing peak after the holiday, color coating prices will fluctuate and run strongly.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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