SteelOrbis Shanghai
This week, the market price of
galvanized coil kept the decreasing trend. The
trading volume dropped comparatively and market inventories did not change much compared with last week. Some steel mills adjusted the ex-factory price of
galvanized coil this week.
On July 6, the average market price of 1.0mm
galvanized coil was RMB 5,940/mt ($743), down RMB 117/mt ($15) compared with last week; that of 0.5 mm
galvanized coil was RMB 6,043/mt ($756), down RMB164/mt ($21) compared with last weekend; while that of 0.23 mm
galvanized coils imported from
India BHUSHAN was RMB 7,867/mt ($985), down RMB 13/mt ($2).
This week, under the influence that the market demand of
galvanized coil dropped continuously, though the market inventories of
galvanized coil were still at low level, the market price of
galvanized coil decreased continuously and the
trading volume decreased further compared with last week.
This week, the
galvanized coil ex-factory price decrease of some privately owned steel mills had a great impact on the trader's attitude. For example, the decrease of Tangshan Hengtong ex-factory price of
galvanized coil caused the market price of Hengtong
galvanized coil on Shandong Boxing market to drop by about RMB 600/mt ($75) and it also had certain influence on the market price of other steel mills
galvanized product. Meanwhile, the export price of
China galvanized coil dropped a little compared with last month. So, on the whole, the market price of
China galvanized coil began entering the downward trend with fluctuation.
This week, the ex-factory price of Tangshan Hengtong
galvanized coils went down RMB 200/mt ($25), and that of Wuxi NewDaZhong
galvanized coils went down RMB 50-100/mt ($6-13), while that of
Angang went up RMB 100/mt ($13).