During the week ending July 17, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while overall transaction activity has remained low. Average PPGI prices in the local Chinese market are presented in the table below.
During the given week, Chinese main steelmaker Baosteel has issued its ex-works prices for August delivery, exerting a negative impact on the PPGI spot market. Meanwhile, significant volumes of PPGI resources have been arriving in the market, increasing supply pressure. Due to hot summer conditions demand has remained slack, resulting in low activities. Thus offer prices have remained stable. In the coming week PPGI prices in the Chinese domestic market will likely continue their stable trend or fluctuate on a slight downtrend.
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 | 5,500 | 886 | 0 |
Guangzhou | Huamei | 5,300 | 853 | 0 | |||
Boxing | Guanzhou | 3,880 | 625 | 0 | |||
Average | - | 4,893 | 788 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,700 | 918 | 0 |
Guangzhou | Huamei | 5,370 | 865 | 0 | |||
Average | - | 5,535 | 891 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.