During the week ending November 20, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a downward trend, while overall transaction activity has remained on the slack side. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, since China has started to enter the winter season, demand for PPGI from downstream users has been slack, resulting in declining prices. Electricity supply to some PPGI producers has been restricted in order to ensure sufficient supply for residential areas, negatively affecting the production activities of these producers. As for the coming week, it is thought that PPGI prices in the Chinese domestic market will likely indicate stable movement due to decreases in supply volumes in the market.
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 | 784 | ↓150 |
Guangzhou | Huamei | 4,750 | 745 | ↓10 | |||
Boxing | Guanzhou | 3,240 | 508 | ↓150 | |||
Average | - | 4,330 | 679 | ↓103 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,300 | 831 | ↓100 |
Guangzhou | Huamei | 5,040 | 790 | ↓20 | |||
Average | - | 4,890 | 766 | ↓74 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.38