Dec. 14, 2021

Shineyond News

In November, galvanized and color coated plate volume fell further, making most customers on the fourth quarter market is expected to be completely "empty". Along with the futures plate prices down, spot prices are also in a state of decline, most of the previous price sales merchants in November also took the initiative to drop prices shipped, on the one hand, the December market has not been optimistic, that it is difficult to have rebound space; on the other hand, close to the end of the year, the merchants are facing financial pressure, only to ship back to cage funds.

Color coated plate volume prices fell so fast mainly or demand can not keep up, near the end of the year, the downstream project procurement demand is light, the merchants for shipping price competition is quite intense. For December, that the current demand side support is small, coating plate coil capacity utilization rate rose slightly, there is a certain pressure on the supply side, the market receiving positive deviation, prices or maintain the downward trend, but the decline will be narrowed.

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