During the week ending August 26, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while transaction activity in the domestic market has been at low levels. Average PPGI prices in the local Chinese market are presented in the table below.
During the given week, following the previous rises in local PPGI prices, traders have chosen to keep their prices stable. Meanwhile, real demand has not indicated any significant improvement, contributing to the stable movement of PPGI prices over the past week. In recent trading days, ferrous metal futures prices in China have undergone downward corrections, and this has also exerted a negative impact on PPGI prices. It is thought that PPGI prices in the Chinese domestic market will likely move sideways in the coming week.
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 | 5,800 | 863 | 0 |
Guangzhou | Huamei | 5,000 | 781 | 0 | |||
Boxing | Guanzhou | 4,170 | 646 | 0 | |||
Average | - | 4,990 | 763 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,950 | 893 | 0 |
Guangzhou | Huamei | 5,100 | 796 | 0 | |||
Average | - | 5,525 | 845 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.66