Last week, the market price of color
coated coil was still in a quiet trend. The market
trading volume and market inventories of color
coated coil remained unchanged compared with the previous week. The Chinese authorities released the November
production data for color
coated coil during the week, while Benxi Steel released its Q1 2007 ex-factory prices. On December 15, the average market price of 0.476 mm color
coated coil was RMB 6,687/mt ($856/mt), down RMB 10/mt ($1/mt) compared with the week before; that of 0.4 mm color
coated coil was RMB 7,117/mt ($911/mt), up RMB 7/mt ($1/mt) compared with the previous week. Meanwhile, the average market price of 0.286 mm color
coated coils imported from Taiwanese Yieh Phui was unchanged at RMB 8,000/mt ($1,014/mt). During the week gone by, the market price of color
coated coil remained quiet. Customer demand did not improve while the market
trading volume also remained at a low level. However, the low level of product supplies in the market helped the color
coated coil price to maintain its stable tendency. Meanwhile, steel mills still focused on exports and so the supply from the mills to the domestic market continued at a low level. As a result, the market price of color
coated coil during the coming week is also expected to remain stable. Also during the past week, the new ex-factory prices which were released by Benxi Steel were unchanged from their previous levels. On the whole, the color
coated coil market maintained a situation of balanced supply and demand balance against a background of low level
trading volume. The Chinese authorities last week released the November
production data for color
coated. According to the new figures, the total color
coated coil
production of
China's steel mills in November was 203,900 metric tons, up 17,300 metric tons compared with October.