During the week ending January 15, 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 table below.
During the given week, iron ore prices have indicated a soft trend, weakening the support for local PPGI prices. Meanwhile, more PPGI supplies have arrived in the market, easing supply shortages to some extent. Approaching the Chinese New Year holiday (February 8-14), PPGI producers will likely reduce their production activities as of the end of January, which will limit supplies to the market and provide support for PPGI prices. It is expected that PPGI prices in the Chinese domestic market will 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 | 5,000 | 759 | 0 |
Guangzhou | Huamei | 4,750 | 721 | 0 | |||
Boxing | Guanzhou | 3,490 | 530 | 0 | |||
Average | - | 4,414 | 670 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,300 | 804 | 0 |
Guangzhou | Huamei | 5,110 | 775 | 0 | |||
Average | - | 5,205 | 790 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.59