During the week ending August 20, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable 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, production capacity utilization rates for PPGI have been at low levels amid slack demand due to hot weather conditions. Accordingly, traders have been unwilling to lower their PPGI sales prices. It is expected that PPGI prices in the Chinese domestic market will continue to move on a stable trend in the coming week, while most traders are waiting for good opportunities in the traditional peak season in September and October.
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 | 829 | 0 |
Guangzhou | Huamei | 5,060 | 792 | 0 | |||
Boxing | Guanzhou | 3,750 | 587 | 0 | |||
Average | - | 4,703 | 736 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,500 | 861 | 0 |
Guangzhou | Huamei | 5,160 | 808 | 0 | |||
Average | - | 5,330 | 834 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.39