During the week ending December 9, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have continued to rise, while transaction activity in the domestic market has been at decent levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, domestic PPGI prices have indicated an overall upward trend due to support from rising raw material prices. Meanwhile, China has shut down many intermediate frequency melting furnaces within the scope of environmental protection measures, thereby reducing PPGI supply and causing traders to increase their PPGI prices in the market. However, market players are mostly very cautious as regards the future prospects for the price trend in the spot market given the current cold winter weather conditions. It is thought that PPGI prices in the Chinese domestic market will likely move sideways in the coming period.
| Product name | Spec. | Category | 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 | 6,500 | 942 | ↑200 |
| Guangzhou | Huamei | 6,150 | 891 | ↑100 | |||
| Boxing | Guanzhou | 4,950 | 717 | ↑100 | |||
| Average | - | 5,866 | 850 | ↑133 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 6,700 | 971 | ↑200 |
| Guangzhou | Huamei | 6,150 | 891 | ↑100 | |||
| Average | - | 6,475 | 938 | ↑150 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90