Chinese domestic PPGI market moves sideways

Friday, 24 June 2016 12:09:29 (GMT+3)   |   Shanghai
       

During the week ending June 24, average pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved sideways, while transaction activity in the overall market has been at low levels. Average PPGI prices in the local Chinese market are presented in the table below.

During the given week, Benxi Steel Group has issued its ex-works prices for July delivery, lowering its prices for hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) by RMB 200/mt ($30/mt), exerting a negative impact on market participants' confidence. After previous declines, PPGI traders have kept their prices stable in the past week. It is expected that PPGI prices in the Chinese domestic market will likely continue their stable trend 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

877

0

Guangzhou

Huamei

5,000

756

0

Boxing

Guanzhou

4,000

605

0

Average

-

4,933

746

0

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

5,950

900

0

Guangzhou

Huamei

5,150

779

0

Average

-

5,550

840

0

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.61


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab