During the week ending April 29, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while transaction activity has slackened though it still remains at decent levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, semi-finished steel prices in Tangshan have indicated corrections, negatively affecting finished steel prices in the Chinese domestic market, including PPGI prices. Currently, some PPGI traders hold a cautious view of the future prospects for the PPGI market, though other traders are even more pessimistic as they think that the overall ferrous metal industry will likely indicate corrections after previous sharp rises. It is thought that PPGI prices in the Chinese domestic market will likely indicate slight downtrend in the coming week.
| Product name | 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 | 6,000 | 926 | 0 |
| Guangzhou | Huamei | 5,520 | 852 | 0 | |||
| Boxing | Guanzhou | 4,300 | 664 | 0 | |||
| Average | - | 5,274 | 814 | 0 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 6,050 | 934 | 0 |
| Guangzhou | Huamei | 5,670 | 875 | 0 | |||
| Average | - | 5,860 | 904 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.48