Demand still slack in local Chinese PPGI market

Friday, 26 June 2015 11:12:37 (GMT+3)   |   Shanghai
       

During the week ending June 26, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a declining trend for thick specifications, though indicating 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, demand for PPGI has remained slack in line with the sluggish activity in the overall finished steel market in China. Currently, most traders are only transacting around 60-70 percent of normal volumes. Although PPGI producers have been trying to keep their prices stable, it is difficult to do so amid the slack market conditions. It is expected that PPGI prices in the Chinese domestic market will move on a downward 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

5,500

886

0

Guangzhou

Huamei

5,400

870

0

Boxing

Guanzhou

4,050

652

↓330

Average

-

4,983

802

↓110

Thin color coated coils

0.426 mm 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


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