During the week ending July 21, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have continued to increase, while transaction activity in the domestic market has been at medium levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, shortages of PPGI supply and increased ex-works prices announced by major domestic producers have exerted a positive impact on the price trend in the local PPGI market. At the same time, PPGI inventories held by steelmakers have declined, which will also provide support for PPGI prices. It is thought that PPGI prices in the Chinese domestic market will likely move up further 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 |
6,800 |
1,004 |
0 |
Guangzhou |
Huamei |
6,000 |
886 |
↑100 |
|||
Boxing |
Guangzhou |
5,400 |
798 |
↑50 |
|||
Average |
- |
6,067 |
896 |
↑50 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7,000 |
1,034 |
0 |
Guangzhou |
Huamei |
6,100 |
901 |
↑100 |
|||
Average |
- |
6,550 |
968 |
↑50 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.77