Price trend

According to the Commodity Market Analysis System of SunSirs, the price of color coated sheets has tended to stabilize this week. On July 7th, the market price of color coated sheet was 6,533 RMB/ton, and on July 11th, the price is 6,533 RMB/ton. The price has stabilized compared to last week and increased by 1.28% compared to the same period last year.

Analysis review

Galvanized sheet: The price of galvanized sheet has slightly decreased this week. On Friday (July 11th), the price of galvanized sheet was 4,064 RMB/ton, a decrease of 0.392% from last week and 16.11% from 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 was 8.7272 million tons, a decrease of 124,400 tons compared to the previous week; The total inventory of five major types of steel is 13.3958 million tons, with a decrease of 0.35 million tons compared to the previous period; The consumption of five major types of steel was 8.7307 million tons, a decrease of 1.4%.

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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