Chinese domestic PPGI market continues its stable trend

Friday, 03 February 2017 15:49:14 (GMT+3)   |   Shanghai
       

During the week ending February 3, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have indicated a stable trend, while transaction activity in the domestic market is at low levels. Average PPGI prices in the local Chinese market are presented in the following table.

During the given week, local PPGI traders have been returning gradually to the market. However, demand is still slack, not yet recovering after the Chinese New Year holiday, and so traders are maintaining a wait-and- see stance towards the future prospects for the market. It is expected that PPGI prices in the Chinese domestic market will continue their stable trend in the coming week.
 

Product name

Spec.

Quality

City

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Thick color coated coils

0.476 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

6,850

999

0

Guangzhou

Huamei

6,660

971

0

Boxing

Guanzhou

5,250

765

0

Average

-

6,253

912

0

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

7,050

1028

0

Guangzhou

Huamei

6,760

985

0

Average

-

6,905

1.007

0

 

17 percent VAT is included in all prices and all prices are ex-warehouse. 

$1 = RMB 6.86


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