Industry News

Weekly review of the national coating market: the macro atmosphere is warmer and prices continue to rise

The price of domestic coated coils increased sharply this week, of which the price of galvanized coils increased by 48 yuan/ton from last week, and the price of color coated coils increased by 35 yuan/ton from last week. As of July 10, the average price of 1.0mm*1250*C national galvanized coils is 4579 yuan/ton, and the average price of 0.476mm*1250*C national color coated coils is 5759 yuan/ton. In terms of steel mills, according to feedback, most private steel mills have to increase the ex-factory price due to the increase in hot coil prices, and set daily sales limits. Business sentiment is cautious and optimistic. At present, the arrival of northern resources has been slow, and the market inventory has gradually declined. Regardless of whether the news or the capital market is in a favorable situation, the cost end supports a low probability of a price decline. It is expected that the national coating price will continue to fluctuate and run strongly next week.

This week, the price of galvanized coils in North China rose by 40-140 yuan/ton, of which Shougang galvanized steel rose 50 yuan/ton, and the price of galvanized steel rose 140 yuan/ton. The price of color-coated coils remained unchanged. In terms of futures, black futures continued to rise this week, and market sentiment was rising. In terms of steel mills, the recent relocation of steel mills at Hegang Tangshan Steel has resulted in slower galvanized delivery and a shortage of specifications in the market. In terms of transactions, due to the large increase in galvanizing prices this week, downstream purchase intentions are not strong, and purchases are basically on demand, and the overall transaction is general. In terms of inventory, according to the latest incomplete statistics from Mysteel, the galvanized inventory in Tianjin this week was 39,000 tons, a slight decrease from last week and the lowest value in the past 3 months. In terms of mentality, according to feedback, due to the continuous increase in raw material prices and higher order costs for traders, the current market price of galvanizing is already at an annual high. Coupled with the current low inventory pressure, traders are reluctant to cut prices and ship. Taken together, it is expected that the prices of North China coated coils will remain stable next week.

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