Price trend

According to SunSirs' commodity market analysis system, the price of color coated steel sheets tended to stabilize this week. The market price of color coated steel sheets was 6,350 RMB/ton on February 9th and 6,350 RMB/ton on February 13th, showing stability compared to the previous week and a decrease of 7.971% compared to the same period last year.

Market Analysis

Galvanized Sheet: Galvanized sheet prices remained stable this week. On Friday (February 13), the price was 4,052 RMB/ton, down 0.024% from last week and down 9.188% from the same period last year. Downstream demand in the coated steel market was lukewarm, and market transactions were sluggish.

Inventory side: Total inventory continues to accumulate, and social inventory pressure is emerging

Total inventory: 416,900 tons, up 4,400 tons from last week; Steel mill inventory: 168,300 tons, down 1,800 tons from last week (transfer from mill inventory to social inventory); Social inventory: 248,600 tons, up 4,400 tons from last week (increased market arrivals, but stagnant shipments).

This week, the supply of the five major steel products was 7.9406 million tons, a decrease of 258,400 tons or 3.2% week-on-week; total inventory was 14.4273 million tons, an increase of 1.0498 million tons or 7.8% week-on-week; and weekly apparent consumption was 6.8908 million tons, a decrease of 9.4% week-on-week.

Market outlook

Looking ahead to next week (the week of the Chinese New Year), the market will be completely closed, and prices will have no real significance. Pay close attention to the following clues:

1. Post-Holiday Inventory Peak: Current social inventories have begun to increase, and the accumulation typically peaks 3-4 weeks after the holiday. It's necessary to observe whether this year's inventory levels exceed expectations.

2. Historical Pattern Warning: Data from the past five years shows that color coated steel prices weakened after the Spring Festival in 2024 and 2025, and the current average price is at its lowest point for the same period. Therefore, overly high expectations for a strong start to the year are unwarranted.

3. Cost Anchoring: If hot rolled coil base material prices do not experience a significant drop, it will limit the post-holiday decline in color coated steel prices. It is expected that the market will see weak adjustments and narrow fluctuations within 50 RMB/ton after reopening.

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