SteelOrbis Shanghai
This week domestic market prices of color
coated coils remained unchanged. The trade volume and the market inventories of color
coated coils have not changed greatly compared with last week.
Some private steel makers adjusted their ex-factory price of color
coated coils this week. The price of Shenzhen Huamei color
coated coils decreased RMB 200/ton ($25), that of Changshu Huaye color
coated coils increased RMB 400-700/ton ($50-87), while that of Wuxi NewDaZhong color
coated coils increased RMB 450-650/ton ($56-81).
From the whole market price trend, the market prices of color
coated coils still keep the stability. From the supply-demand relationship, the market demand and the market inventories have not changed greatly. The distributors do not foresee a significant fluctuation on color
coated coil prices in the future.
Looking at the exports and imports; currently Chinese color
coated coil exports are more than imports. However, export quantities of some small-scale steelmakers have reduced compared to the previous weeks. Therefore, finding products to be exported from
China is currently easier. On the other hand, some steelmakers prefer to limit their exports due to the rapid increase in international market prices. They expect to sell their products later, when international market prices reach to a peak. Furthermore, domestic prices have also begun to approach the overseas market levels and some mills have begun to put their products in the domestic market instead of exporting them.
Nevertheless, we cannot expect an increase in
China's color
coated coil imports because domestic market prices stopped increasing recently and overseas prices are expected to increase further in the short term.