Price trend
According to the SunSirs commodity market analysis system, color coated sheet prices stabilized last week. On July 21, the market price was 6,583 RMB/ton, and on July 25, it was 6,616 RMB/ton, a 0.501% increase from the previous week and a 5.01% increase from the same period last year.
Analysis review
Galvanized sheet prices fluctuated slightly this week, reaching 4,257 RMB/ton on Friday (July 25th), up 4.21% from the previous week and down 8.19% from the same period last year. Downstream demand in the coating and plating market remained tepid, leading to weak market transactions.
Future outlook:
Last week, output of the five major steel varieties reached 8.6697 million tons, a 0.1% decrease from the previous month. Total steel inventories reached 13.365 million tons, a 0.1% decrease from the previous month. Steel consumption reached 8.6813 million tons, with building materials consumption increasing by 2.7% and plate consumption decreasing by 1.7%.
Given the onset of the off-season, despite rising costs, most factories were still shipping, maintaining strong quotes at high levels. Most domestic plants operated normally last week, but production and sales have not reached a balance, leading to a slight inventory buildup. It’s expected that color coated sheet prices will remain relatively stable in the short term.
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