SteelOrbis Shanghai
During the 48th week, the market price of color
coated coil remained stable on the whole, recording just a slight decrease. In addition, the market
trading volume and inventory levels of color
coated coil remained unchanged compared with last week. Exports shrank in November and led ex-factory prices to remain unchanged.
On December 1, the average market price of 0.476 mm color
coated coil was RMB 6,707/mt ($857), down RMB 33/mt ($4) compared with last week; that of 0.4 mm color
coated coil was RMB 7,110/mt ($908), down RMB 33/mt ($4); while the average price of 0.286 mm color
coated coil imported from Taiwanese Yieh Phui was RMB 8,000/mt ($1,014), unchanged from last week.
Due to the continuing bad weather, customer demand was still at a low level while the market
trading volume failed to see any turn for the better. However, the color
coated coil available in the market was at a continuous low. Meanwhile, because some steel mills overhauled their
production lines recently and also continued to keep their focus on exports, the supply from the mills to the domestic market was still at a low level. Thus, the market price of color
coated coil remained comparatively stable. Also this week, the ex-factory prices which were released by some of the steel mills were unchanged from the previous week. This played a positive role in stabilizing the attitude of the traders.
The Chinese authorities released the October export and import data for color
coated coil. According to the new figures, October imports of color
coated coil amounted to 23,000 tons, down 100 tons compared with September. Meanwhile, October exports of color
coated coil reached 50,800 tons, down 16,100 tons compared with the previous month. Thus, net exports of color
coated coil totalled 27,800 tons in October, down 16,000 tons.