Analysis of the Color Coated Steel Market

According to market monitoring by the Iron and Steel Information Research Center, the price of galvanized sheets in the Boxing market has generally increased this week (4.19-4.23). The price of Baosteel's 1.0*1250*C galvanized sheet is 5500 yuan (per ton, excluding tax, the same below), which is the same as last week's price. The price of 1.5*1250*C galvanized sheet is 5500 yuan, unchanged from last week; the price of Benxi Steel's 0.7*1000*C galvanized sheet is 5500 yuan, unchanged from last week, and the price of 1.0*1000*C galvanized sheet is 5450 yuan, unchanged from last week; the price of Hengtong's 1.0*1000*C galvanized sheet is 5400 yuan, down 150 yuan from last week; the price of 0.5*1000*C is 5580 yuan, down 100 yuan from last week, and the price of 0.35*1000*C galvanized sheet is 5880 yuan, down 70 yuan from last week.

This week, due to negative market news and weak spot demand, the price of galvanized sheet coils in the Boxing market has started to decline. With the quotes not being firm, market transactions are also under test. According to traders in the market, the continuous decline in electronic trading has made market prices no longer firm. As the prices in leading markets like Shanghai begin to decline, coupled with the fact that the prices in the Boxing market are already high, shipments are facing certain resistance. The decline in base plate prices has also shown signs of weakness in the color-coated market. Currently, due to the price decline, many traders are hesitant to stock up, and during the weekend, market arrivals have decreased. However, due to the rapid turnover in the local market earlier, there is not much inventory in the hands of individual traders, so merchants feel that the pressure is not too great.

It is expected that in the short term, the price of galvanized sheet coils in the Boxing market will have certain fluctuations.

This week, the price of color-coated sheets in the Boxing market remained stable. According to market monitoring by the Iron and Steel Information Research Center, Baosteel's color-coated sheets are currently out of stock in the market, and the price of Shandong Jingbo's 0.42*1000*C coated sheet is 6700 yuan (per ton, the same below, including tax), which is an increase of 100 yuan from last week. The price of 0.47*1000*C color-coated sheet is 6600 yuan, an increase of 100 yuan from last week, and the price of 0.32*1200*C color-coated sheet is 6850 yuan, an increase of 100 yuan from last week; the price of privately processed 0.32*1000*C color-coated sheet is 6550 yuan, unchanged from last week, and the price of 0.47*1000*C color-coated sheet is 6300 yuan, unchanged from last week.

Recently, the price of color-coated sheet coils in the Boxing market has been relatively stable. Currently, market transactions are basically normal, showing a slight sign of weakening compared to last week. Although there are continuous signals of declining prices for galvanized sheet coils in the Boxing market, the prices of color-coated sheet coils remain firm. In the market, although the prices of color base plates have also declined, the existence of order volume still supports the sustained firmness of selling prices. However, due to the decline in upstream raw material prices and the sluggish galvanized market, the upward potential for color-coated sheet coils faces certain pressure. Baosteel has raised the price of color-coated sheets by 600 yuan, so in the short term, there is still a possibility for the price of color-coated sheet coils in the Boxing market to continue to rise.

It is expected that in the short term, the price of color-coated sheet coils in the Boxing market will rise steadily.