SteelOrbis Shanghai
This week, the market price of color
coated coil remained quiet compared with last week. The market
trading volume and market inventories of color
coated coil did not change much. Also during the week, the Chinese authorities released the September
production data for color
coated coil.
On October 20, the average market price of 0.476 mm color
coated coil was RMB 6,653/mt ($843), unchanged from the previous week; that of 0.4 mm color
coated coil was RMB 7,110/mt ($901), up RMB 10/mt ($1) compared with the week before; while the price of 0.286 mm color
coated coils imported from Yieh Phui was unchanged at RMB 8,000/mt ($1,011).
This week, the market price of color
coated coil remained stable. The market
trading volume and market inventories of color
coated coil were still unchanged. Due to the decreases in the CR and HR market prices, the attitude of traders began to change. However, the market supply of color
coated coil was still at a low level, and so the market price of color
coated coil showed little change. Steel mills did not adjust their ex-factory price of color
coated coil this week. They have decided they need more time to observe the market prices in order to determine their ex-factory prices. It is estimated that the market price of color
coated coil will maintain a steady trend next week. However, the situation does not give great cause for optimism.
This week, the Chinese authorities released the September
production data for color
coated coil. According to the new statistics, the September color
coated coil
production of the Chinese steel mills was 206,100 metric tons, up 10,400 metric tons compared with August.