SteelOrbis Shanghai
This week, the market price of color
coated coil did not change much. The market
trading volume decreased a little while market inventories of color
coated coil were still at low level. Some steel mills also released new ex-factory prices.
On November 10, the average market price of 0.476 mm color
coated coil was RMB 6,713/mt ($854), up RMB 20/mt ($3) compared with last week; that of 0.4 mm color
coated coil was unchanged at RMB 7,143/mt ($909), while the average market price of 0.286 mm color
coated coils imported from Taiwanese Yieh Phui was RMB 8,000/mt ($1,014), remained unchanged.
This week, the market price of color
coated coil did not change much. The market
trading volume was down a little and the market inventories remained stable. Though the GI market prices continued decreasing slightly this week and the market
trading volume went down further, the market supply of color
coated coil was still at low level. Meanwhile, the supply of mills to the domestic market was also still very low. Thus, traders of color
coated coil were not willing to reduce their sales price and so the market price maintained its stable trend. On the other hand, the ex-factory prices of color
coated coil issued this week did not decrease, and this also gave strong support to the steadiness of the color
coated coil market price.
This week, the price of
Angang color
coated coil remained unchanged, while that of Wuxi NewDaZhong color
coated coil increased RMB 150/mt ($19).