SunSirs: The Domestic Color Coated and Galvanized Market Continued to Decline on December 10
December 13 2021 14:23:41 SunSirs (John)
Price trend
On the 12th, the price of color coated sheet and galvanized sheet declined slightly. According to the price monitoring of SunSirs, the market price of galvanized sheet was 5,820 RMB/ton, and the market price of color coated sheet was 8,266.67 RMB/ton.
Analysis review
The color coated and galvanized market is weak, and the reasons are as follows: market transactions are thin, the downstream is mostly based on on-demand procurement, the terminal industry has not improved significantly, market demand is insufficient, and merchants are actively shipping.
In terms of prices, the quotations of individual merchants were lowered due to the weaker fluctuations in hot rolled coil futures.
Market outlook
In general, the prices of color coated sheet and galvanized sheet will remain weak in the short term.
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