SteelOrbis Shanghai
The market price of color
coated coils kept generally stable last week. The
trading volume in the market did not change much compared with the previous week, and color
coated coil market inventories decreased slightly. Benxi Steel announced new ex-factory prices.
On August 18, the average market price of 0.476 mm color
coated coil was RMB 6,367/mt ($797), down RMB 16/mt ($2) week on week; that of 0.4 mm color
coated coil was RMB 7,017/mt ($878), down RMB 73/mt ($9); and that of 0.286 mm color
coated coils imported from the Taiwanese Yieh Phui remained unchanged at RMB 8,000/mt ($1,004).
Due to the influence of bad weather and the short supply of electricity, both color
coated coil
production and the market demand for them have decreased slightly week on week. Color
coated coil market inventories decreased slightly and the market demand did not change much. Similar to hot rolled, cold rolled and
galvanized iron market prices, the prices of color
coated coil kept quiet too.
Baosteel will release its fourth quarter ex-factory prices next week. All traders are expecting
Baosteel to increase its prices, as a support to the market. Meanwhile, Benxi Steel decreased its September ex-factory prices for color
coated coils by RMB 350/mt ($44).