I. Market Review
Yesterday, prices in the Tianjin market were generally stable with an upward trend. Cold-rolled coil prices rose by RMB 30/ton to 3,850/ton, galvanized coil prices rose to RMB 4,210/ton, and color-coated coil prices rose to RMB 4,650/ton. Hot-rolled coil futures prices fluctuated upward, while spot market quotations were generally stable with rising prices. Private galvanized producers frequently adjusted prices, while state-owned resource prices remained relatively stable. Overall market transactions were generally average, with downstream suppliers still primarily purchasing on demand.
II. Price Spreads
Regional price spreads saw the Shanghai-Tianjin galvanized coil price spread narrow by RMB 10/ton, while the Guangzhou-Tianjin galvanized coil price spread widened by RMB 20/ton. The current Shanghai-Tianjin and Guangzhou-Tianjin galvanized coil price spreads are -RMB 50/ton and 150/ton, respectively. In terms of price differentials between varieties, the price differentials between galvanized and cold-rolled coil in Tianjin and between galvanized and hot-rolled coil in Tianjin are narrowing by 30 yuan/ton and 40 yuan/ton, respectively. Currently, the price differentials between galvanized and cold-rolled coil in Tianjin and between galvanized and hot-rolled coil in Tianjin are 380 yuan/ton and 740 yuan/ton, respectively.
III. Tomorrow’s Forecast
Overall, we expect Tianjin cold-rolled and galvanized coil prices to remain volatile and consolidate today.
Post time: Jul-30-2025