During the week ending February 24, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have indicated a rising trend, while transaction activity in the domestic market has been at low-to-medium levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, domestic PPGI prices have indicated a rising trend due to support from finished and semi-finished steel prices. However, in recent days, ferrous metal futures prices in China have indicated downward corrections, exerting some negative influence on the PPGI market. Many market players are maintaining a wait-and-see stance in order to gain a clearer picture of the future trend of PPGI prices. It is thought that PPGI prices in the Chinese domestic market will likely fluctuate within a limited range 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 | 990 | ↓50 |
| Guangzhou | Huamei | 6.760 | 984 | ↑100 | |||
| Boxing | Guanzhou | 5.310 | 773 | ↑60 | |||
| Average | - | 6.290 | 916 | ↑37 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 7.050 | 1,026 | 0 |
| Guangzhou | Huamei | 6.860 | 999 | ↑100 | |||
| Average | - | 6.905 | 1,005 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.87