SteelOrbis Shanghai
This week, the market price of color
coated coil continued in its quiet trend. In addition, the market
trading volume and market inventories of color
coated coil remained unchanged from last week. Ex-factory prices announced by some steel mills this week are also unchanged from previous levels.
On December 8, the average market price of 0.476mm color
coated coil was RMB 6,697/mt ($856), down RMB 10/mt ($1) compared with last week; while that of 0.4mm color
coated coil was unchanged at RMB 7,110/mt ($908).Meanwhile, the average market price of 0.286 mm color
coated coil imported from Taiwanese Yieh Phui was RMB 8,000/mt ($1,014), also unchanged from last week.
Customer demand was still at a low level, while the market
trading volume did not see any turn for the better. The available supplies of color
coated coil in the market have been at a constant low level for a long time now, and so the market price of color
coated coil has remained comparatively stable. Meanwhile, with the steel mills still focused on exporting their
galvanized coil and color
coated coil, their supply to the domestic market has stayed at a low level.
Finally, there was no change in the ex-factory prices for color
coated which were released during the week by Wuxi NewDaZhong,
Angang and
WISCO, which is another factor supporting the stability of the market.