The inventory of galvanized and color-coated steel coils continues to increase slightly, with prices fluctuating upwards

According to the inventory data of coated and galvanized coil warehouses in key domestic cities monitored by this website, as of May 8th, the social inventory of galvanized coil was 1.5581 million tons, a decrease of 13,500 tons from the previous period, with a decrease rate of 0.86%; the inventory of color-coated coil was 332,500 tons, a decrease of 4,100 tons from the previous period, with a decrease rate of 1.22%. The total inventory of coated and galvanized coil was 1.8906 million tons, a decrease of 17,600 tons from the previous period, with a decrease rate of 0.92%. From the perspective of regional inventory, the decrease in galvanized inventory was most significant in the southwest region, with a decrease of 5,800 tons; the decrease in color-coated inventory was most significant in the northeast region, with a decrease of 1,500 tons.

In terms of prices, the national coating and galvanizing prices experienced narrow fluctuations on the 8th. As of press time, the average price of 1.0mm galvanized coil was 3,963 yuan/ton, an increase of 13 yuan/ton from the previous period; the average price of 0.476mm color-coated coil was 4,965 yuan/ton, an increase of 3 yuan/ton from the previous week.

This week, the spot prices of galvanized and color-coated steel coils have been fluctuating upwards, with inventories continuing to decline slightly. From a fundamental perspective, the market for coated and galvanized steel coils has shown a trend of both increased supply and inventories this week. Steel mills remain highly motivated to produce, with abundant market resources and sustained high supply levels. After the holiday, prices in various markets have risen by different margins, mainly driven by futures contracts on the raw material side, while there has been no significant increase in demand. Against this backdrop, the market exhibits typical characteristics of "cost-driven inflation and low demand matching," with high prices lacking effective support from transaction volumes. Considering the continued slight increase in supply and no significant acceleration in downstream procurement, the pressure to reduce inventories in the short term still exists. However, with support from the cost side, it is expected that domestic prices of coated and galvanized steel coils may continue to fluctuate at high levels next week, and attention should be paid to the actual release of end-user demand