During the week ending April 24, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a downtrend, while overall transaction activity has remained sluggish.
During the given week, since demand from downstream users has been at low levels, bearish sentiment prevails in the Chinese domestic PPGI market. Currently, traders are seeking to sell products to bring in cash amid tight liquidity approaching to the end of the month, while slack demand has caused them to lower their sales prices. It is expected that domestic PPGI prices will move on a slight downtrend 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 | 5,500 | 889 | ↓100 |
Guangzhou | Huamei | 5,500 | 889 | ↓50 | |||
Boxing | Guanzhou | 4,400 | 711 | ↓150 | |||
Average | - | 5,133 | 829 | ↓100 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,700 | 921 | ↓100 |
Guangzhou | Huamei | 5,550 | 889 | 0 | |||
Average | - | 5,600 | 905 | ↓75 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.20