INDUSTRY NEWS
National tinplate market: the steel market oscillates this week, the overall transaction is good
Domestic coated coils have risen this week. The price of galvanized coils has increased by 18 yuan/ton from last week, and the price of color-coated coils has increased by 31 yuan/ton from last week. As of October 16, the national average price of 1.0mm*1250*C galvanized coil is 4822 yuan/ton, and the average price of 0.476mm*1250*C national color-coated coil is 6003 yuan/ton. Today’s futures performance has picked up, and market transactions have rebounded. However, the overall situation after the holiday has shown a turn for the better. As downstream terminal companies are not willing to stock up before the holiday, demand is concentrated after the holiday.
This week, the national construction steel prices showed a trend of narrow fluctuations. The main reason is that black futures have weakened at a high level this week. With the reduction in demand for replenishment after the holiday, the high transaction level has weakened, the market outlook is insufficient, and the price has shown a slight weakening. However, this week’s net inventory data released, steel mills’ output decreased slightly, but the decline in factory and social warehouses expanded, and the increase in watch demand approached 150. Market confidence has rebounded. The increase in snail harvest at the end of the week also stimulated market demand and prices have stabilized. In the mid-to-upward direction, the overall weekly cumulative trend shows a narrow range of oscillation. On the whole, it is expected that the local domestic steel prices will fluctuate strongly next week.
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