During the week ending January 29, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a stable trend, while overall transaction activity has remained on the slack side. Average PPGI prices in the local Chinese market are presented in the table below.
During the given week, since end-users have started to exit the market early ahead of the Chinese New Year holiday (February 8-14), activity in the domestic PPGI market has been very quiet. Meanwhile, most traders will leave the market in the coming week. Market participants will likely keep their prices unchanged before the holiday. It is expected that PPGI prices in the Chinese domestic market will continue their stable trend in the coming week.
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 | 5,000 | 759 | 0 |
Guangzhou | Huamei | 4,750 | 721 | 0 | |||
Boxing | Guanzhou | 3,490 | 530 | 0 | |||
Average | - | 4,414 | 670 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,300 | 804 | 0 |
Guangzhou | Huamei | 5,110 | 775 | 0 | |||
Average | - | 5,205 | 790 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.58