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SunSirs: The Price of Color-coated Sheet Kept Stable on November 29
November 30 2019 14:18:57SunSirs(John)

On November 29, the price of color coated sheet coils nationwide was more stable than On November 28. The average market price of Shanghai Baogang's 0.5 * 1200 * C hot-dip galvanized color coated sheet was around 6833.3 RMB/ton, which was unchanged from the price in early November.


In terms of supply, six cities in Hebei Province issued heavy pollution warning yesterday, or affected the start-up and production of steel mills.

In terms of futures, black futures rose slightly today, with the volume moving in a choppy way, showing a choppy trend up to the time of publication.

In terms of market, the price of color coated coil in the northern market is stable and rising today. Angang Tiantie flowering 1.0mm * 1250 * C to quote about 4380 RMB/ton, Benxi Steel flowering 1.0mm * 1250 * C to quote about 4750 RMB/ton, and the price in the southern market is stable. Baogang flowering 0.5mm * 12008* C to quote about 6850 RMB/ton. On the whole, although the stock of the spot market in the color coating market is at a low level at present, and there is a shortage of specifications, the downstream demand is weak, the release and follow-up are limited, and the merchants are more wait-and-see attitude. They are not optimistic about the market trend in the later stage, have a strong willingness to ship, have no winter storage plan, and the overall transaction is relatively weak.


On the whole, it is expected that the color coated sheet market will move weakly in the short term.


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