SteelOrbis Shanghai
The market prices of color
coated coils increased slightly throughout the week.
The price increase of
galvanized coil - the substrate for color
coated coils – supported the increase in color
coated coil market prices. Besides, the increase in market demand also kept up color
coated coil market prices. However, the price increase range of color
coated coils was less than that of
galvanized coils.
Medium and small scale color
coated coil rolling mills have been generally arranging their
production according to the orders of end users lately. Therefore, the supplies to the market have decreased comparatively. Consequently, color
coated coils market inventory also dropped slightly week on week. Another support to the increase in color
coated coil prices was
Angang Steel's new price policy and price list announcement last week. The ex-factory price of
Angang color
coated coils increased RMB 150/mt ($19).
On March 10, the average market price of 0.476 mm color
coated coil was RMB 6,067/mt ($754), up RMB 134/mt ($17) compared with that in last weekend; that of 0.4 mm color
coated coil was RMB 6,417/mt ($797), up RMB 84/mt ($10) compared with last weekend. While that of 0.286 mm Yieh Phui imported color
coated coils was RMB 7,450/mt ($927), up RMB 100/mt ($12) compared with last weekend.
Color
coated coil market prices are expected to keep the stable trend next week.