Prices of Boxing galvanized and color-coated coils tend to strengthen (6.9-6.16)
1. Market overview
This week, the price of galvanized and color-coated coils in the Boxing market has become stronger. In terms of the market, according to traders' feedback, the release of terminal demand is still discontinuous, and a small amount of replenishment is generally the mainstay. While small and medium-sized retail investors have a strong wait-and-see mentality during the slow rise of galvanized prices. At present, the market inventory pressure is mainly concentrated in the hands of large households. With the rising price of hot-rolled base materials, the cost of short-process production enterprises is also increasing. From the perspective of settlement costs, traders generally expect that the settlement prices of steel mills in June will be on the high side, so the short-term price support sentiment is strong.
2. Price
In terms of specific prices, Caiji galvanized sheet coil (cash price): 0.15*1200*C quotation is 4550 yuan/ton, an increase of 20 yuan/ton from last week; 0.2*1200*C quotation is 4290 yuan/ton, compared with last week The price of 0.27*1200*C is 4210 yuan/ton, up 20 yuan/ton from last week; the price of 0.35*1200*C is 4090 yuan/ton, up 20 yuan/ton from last week;
Color-coated coil: Shandong Huijin's 0.476mm quotation is 5120 yuan/ton, which is the same as last week; Shandong Kerui's 0.476mm quotation is 5020 yuan/ton, which is the same as last week; Flat; Shandong Jindacheng 0.476mm quotation 4820 yuan / ton, unchanged from last week.
3. Market conditions
In terms of processing fees, the current processing fee for galvanized coils is 0.53 yuan/square meter, which is the same as last week. In terms of inventory, as of June 15, the inventory of galvanized coils in Boxing market was 140,000 tons, a decrease of 10,000 tons or 6.67% from last week, and the inventory of color-coated coils was 24,000 tons, a decrease of 1,200 tons from last week. A decrease of 4.76%.
4. Summary
On the whole, it is expected that the prices of Boxing galvanized and color-coated coils may run strongly next week.
----From mysteel.com
