Import Prices Of European Cold Coils And Hot-dip Galvanized Coils Rise

On December 7, the ex-factory evaluation price of cold coils in the Nordic region was 760-780 euros/ton, a week-on-week increase of 10-20 euros/ton; on December 7, the ex-factory evaluation price of hot-dip galvanized coils in the Nordic region was 780-800 euros/ton, with a weekly increase of 780-800 euros/ton. It also increased by 10-20 euros/ton month-on-month.

According to European market news, this week European steel mills continue to increase the ex-factory quotations of cold coils and hot-dip galvanized coils for the first quarter of next year. In recent weeks, the prices of European cold coils and hot-dip galvanized coils have shown an overall upward trend. Mainly The first reason is that some steel mills began to reduce production in the early stage. The second reason is that buyers have been purchasing more to replenish their stocks since late November. The third reason is that the prices of imported resources are rising. Some other steel mills are negotiating long-term agreements with automobile manufacturers in the first half of next year. contracts, so they are trying their best to push up the market price. It is reported that steel mills' current long-term target prices for hot coils and dipped galvanized coils are around 750 euros/ton and 850 euros/ton respectively. This week, the mainstream ex-factory quotations of cold coils and hot-dip galvanized coils from steel mills in Northern Europe are 785-800 euros/ton and 820 euros/ton respectively. The actual ex-factory transaction prices of orders are 760-780 euros/ton and 780 euros/ton respectively. This week, hot-dip galvanized coils from Italy arrived in Germany and were quoted at 810 euros/ton.

In terms of import resources, the export price of Indian cold rolls to Europe with a shipping date of late February this week is 715 euros/ton (CFR), and the export price of Korean cold rolls to Europe with a February shipping date is 740 euros/ton (CFR); this week In this week, a Vietnamese supplier quoted Z100 coated 0.5mm hot-dip galvanized coils for export to Europe at US$890/ton (CFR), with a shipping date of the end of February.

Note: 760-780 euros = 5852-6006 780-800 euros = 6006-6160 yuan (according to the exchange rate of RMB against the euro on December 8)