SteelOrbis Shanghai
Last week, the market price of color
coated coils decreased comparatively with a small range. The market
trading volume and the market inventories of color
coated coils did not change much compared with the previous week. June export and import statistical data of color
coated coils have been released, and
Baosteel adjusted its color
coated coil price this week.
On July 28, the average market price of 0.476 mm color
coated coil was RMB 6,617/mt ($829), down RMB 50/mt ($6) week on week; that of 0.4 mm color
coated coil was RMB 7,300/mt ($915), down RMB 33/mt ($4); while that of 0.286 mm color
coated coil imported from Taiwanese Yieh Phui was RMB 8,050/mt ($1,009), down RMB 75/mt ($9).
This week, the market inventories of color
coated coils did not change much compared with last month. But, with the continuous decline in GI market price and the low level of downstream customers' demand, the market price of color
coated coil maintained the downwards trend.
Baosteel's and some small scale color
coated coil makers ex-factory price decline supported the wait-and-see attitude of the downstream customers.
Chinese institute of statistics released June export and import statistical data of color
coated coil. According to the latest statistics, 27,100 metric tons of color
coated coils were imported in June, up 5,100 metric tons month on month. Meanwhile 39,000 metric tons of color
coated coils were exported, up 14,300 metric tons month on month. So, the net export of color
coated coil was 11,900 metric tons, up 9,200 metric tons from May.
This week,
Baosteel's <0.5 mm CGCC 2/1M color
coated coil ex-factory price decreased RMB 200/mt ($25).