Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheet has slightly decreased this week. On June 23rd, the market price of color coated sheet was 6,550 RMB/ton, and on June 27th it was 6,550 RMB/ton, a decrease of 0.75% compared to last week and an increase of 0.769% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (June 27th), the price of galvanized sheet was 4,080 RMB/ton, a decrease of 0.366% compared to last week and a decrease of 16.25% compared to the same period last year. The downstream demand in the coating market is lukewarm, and market transactions are relatively weak.

Market outlook

This week, the production of five major types of steel reached 8.8099 million tons, an increase of 124,800 tons compared to the previous week. The total inventory of steel is 13.403 million tons, with a weekly increase of 11,400 tons. Among them, the inventory of steel mills was 4.3352 million tons, an increase of 77,400 tons compared to the previous period; The social inventory is 9.0651 million tons, with a weekly decrease of 66,000 tons.

Considering the arrival of the off-season, although most factories' costs continue to rise, their shipping mentality continues, and their offers remain 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 is accumulating. It is expected that the price of color coated sheets will remain stable in the short term.

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