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SunSirs: The Price of Color Coated Sheet and Galvanized Sheet Fluctuated Weakly (August 5-12)
August 17 2022 13:55:51SunSirs(John)

Price trend

This week, the price of color coated sheet and galvanized sheet fluctuated weakly, and the futures market rose at the beginning of the week, but the market price was still weak. As the weekend approached, the price of color coated sheet and galvanized sheet stopped falling and rose. As of August 12, the spot price of 0.5*1200 color coated sheet in Shanghai was about 7,616.67 RMB/ton; the spot price of 1.0*1250 galvanized sheet in Shanghai was about 4,850 RMB/ton.

Analysis review

Steel mills

In September, Baoji Iron and Steel Group lowered the ex-factory prices of coated and plated steel products, the base price of galvanized steel was cut by 200 RMB/ton, the base price of color coating remained unchanged, the base price of cold-rolled sheet was cut by 200 RMB/ton, and the base price of hot-rolled coil was cut by 100 RMB/ton. Prices of raw materials, iron ore and coke, both fell sharply in July. Market demand was weak, and domestic steel mills had an obvious strategy of exchanging price for volume, and the market was expected to be cautious.

Supply and demand

On the supply side, with the recovery of corporate profits, steel plants had resumed production and production. This week, the operating rates of galvanizing and color coating increased by 4% and 5% compared with last week. On the demand side, the market performance of coating and plating products was still poor. Continuous high temperature in summer, superimposed on the recurrence of the epidemic in some areas, the construction site operations and freight traffic were seriously hindered.


As of the 12th, the average domestic hot coil market price was 4,052 RMB/ton, and the average cold-rolled market price was 4,466.67 RMB/ton. It is difficult to see an increase in the demand at the top of the coil, the coke at the bottom has risen, the cost has risen, and the support has been strengthened. The recent futures disk was still in a period of shock.


According to data from the China Automobile Association, in July, automobile production and sales were 2.455 million and 2.42 million, down 1.8% and 3.3% month-on-month, and up 31.5% and 29.7% year-on-year. Although the production and sales volume of the current month was lower than that of the previous month, it was the highest value in the same period of the past year. It is generally judged that the current development trend of the industry is good, and it is expected to continue.

Market outlook

On the whole, although the price of hot coils fluctuates strongly, it is difficult for color coated sheet and galvanized sheet to follow up. The current downstream is a traditional off-season, and it is difficult to see significant volume. It is expected that the domestic color coated sheet and galvanized sheet market will fluctuate weakly in the short term.

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