This week, the market prices of color
coated coil remained quiet. The market
trading volume was down a little while market inventories of color
coated coil were unchanged. Meanwhile, some steel mills released new ex-factory prices during the week.
On February 9, the average market prices of color
coated coils remained unchanged week on week. 0.476 mm material was RMB 6,750/mt ($871/mt), 0.4 mm was RMB 7,260/mt ($937/mt), and finally, the average market price of 0.286 mm material imported from Taiwanese Yieh Phui was RMB 8,180/mt ($1,055/mt).
This week, the market price of color
coated coil maintained its steady trend in a market which was comparatively quiet overall. Market inventories changed little from last week, while the market
trading volume declined slightly. Due to the approach of
China's Spring Festival, traders declined to make any further changes to their sales prices for color
coated coil. Though the
trading volume was not good, due to the recent bad weather and the heavy pre-holiday trafficthe supplies of color
coated in the market did not increase. On the other hand, compared with the great increase in the HR ex-factory prices, the ex-factory prices of color
coated issued this week, including those of
Angang, Benxi Steel and
WISCO, all remained stable. Furthermore, many traders have already gone home in order to prepare for the Spring Festival.
Turning to the week ahead, it expected that the market price of color
coated coil will maintain its stable trend.