During the week ending July 31, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while overall transaction activity has remained slack. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, after the declines recorded in the previous weeks, PPGI prices in the local Chinese market have moved on a stable trend, while downstream users are cautious about concluding purchases. Meanwhile, participants in the PPGI market lack confidence in the future prospects for the market. It is thought that PPGI prices in the Chinese domestic market will likely continue their stable 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 | 5,300 | 853 | 0 |
Guangzhou | Huamei | 5,060 | 815 | 0 | |||
Boxing | Guanzhou | 3,750 | 604 | 0 | |||
Average | - | 4,703 | 757 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,500 | 886 | 0 |
Guangzhou | Huamei | 5,160 | 831 | 0 | |||
Average | - | 5,121 | 825 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21