Shanghai cold-rolled and galvanized coil prices may fall by RMB 20-30/ton

[Yesterday's market situation]

In terms of price: As of 17:30 on July 1, 2022, the market price of cold-rolled coils in the Shanghai market is 4,770 yuan/ton, and the market price of galvanized coils is 5,360 yuan/ton.

In terms of transactions: the Shanghai cold-rolled coil market shipped 1,550 tons on the 1st, a decrease of 1,190 tons compared with the previous trading day; the galvanized sheet and coil market shipped 2,055 tons, an increase of 304 tons compared with the previous trading day. .

[Average price in the past month]

As of 17:30 on July 1, the monthly average price of cold-rolled coils was 5,102 yuan/ton, and the monthly average price of galvanized coils was 5,666 yuan/ton.

[Today's market forecast]

On Friday, the black futures market saw a sharp correction. In order to withdraw funds from shipments, market merchants lowered their quotations and increased their concessions, but the shipment performance was still unsatisfactory. Under the pressure of high inventory, merchants have a strong willingness to lower the inventory and return funds, and merchants have a pessimistic view on the market outlook. The price of steel billet also dropped for two consecutive days over the weekend. On the whole, it is expected that the price of cold-rolled and galvanized sheet in Shanghai may drop by RMB 20-30/ton today.