During the week ending June 12, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have seen a slight downtrend for thick specifications, with quotations moving on a stable trend for thin specifications, while overall transaction activity has remained slack. Average PPGI prices in the local Chinese market are presented in the table below.
During the given week, due to sluggish demand for PPGI from downstream users in China, traders have slightly decreased some of their PPGI prices. In addition, traders are concerned about the prospects for demand in the coming traditional offseason for business and so they are keeping their PPGI inventories at low levels. It is expected that PPGI prices in the Chinese domestic market will move on a stable trend in the coming week, though a slight correction for some specifications may be possible.
Product name | Specification (mm) | Category | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Thick color coated coils | 0.476 x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,500 | 886 | 0 |
Guangzhou | Huamei | 5,400 | 870 | ↓50 | |||
Boxing | Guanzhou | 4,380 | 705 | 0 | |||
Average | - | 5,093 | 820 | ↓17 | |||
Thin color coated coils | 0.426 x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,700 | 918 | 0 |
Guangzhou | Huamei | 5,470 | 881 | 0 | |||
Average | - | 5,427 | 874 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21