During the week ending October 14, pre-painted galvanized iron (PPGI) quotations for thick specifications in the Chinese domestic market have increased, with prices moving on a stable trend for thin specifications, while transaction activity in the domestic market has improved and is at decent levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, major Chinese steelmakers Baosteel and Wuhan Iron and Steel Group have issued their PPGI prices for November delivery, raising their prices by RMB 150/mt ($22.5/mt), thus exerting a positive impact on confidence levels in the market. After the long holiday, transaction activities have been better as downstream users have been more eager to build up their inventories. It is thought that PPGI prices in the Chinese domestic market will edge up slightly in the coming week.
| Product name | Spec. | Category | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Thick color coated coils | 0.476 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,750 | 856 | 0 |
| Guangzhou | Huamei | 5,200 | 774 | 0 | |||
| Boxing | Guanzhou | 4,500 | 670 | ↑200 | |||
| Average | - | 5,150 | 766 | ↑66 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,950 | 885 | 0 |
| Guangzhou | Huamei | 5,300 | 789 | 0 | |||
| Average | - | 5,625 | 837 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.72