During the week ending July 3, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a stable movement, 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, most market participants have maintained a wait-and-see stance as bearish sentiment prevails in in the local PPGI market. Although offer prices have moved on a stable trend, there has been some room for negotiation on prices in actual transactions. The sluggish activity and soft trend of prices in the Chinese domestic HDG market has contributed to the negative sentiment among PPGI traders. It is expected that PPGI prices in the Chinese domestic market will continue their stable trend in the coming week.
| Product name | 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 | 5,400 | 870 | 0 | |||
| Boxing | Guanzhou | 4,050 | 652 | 0 | |||
| Average | - | 4,983 | 802 | 0 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,700 | 918 | 0 |
| Guangzhou | Huamei | 5,470 | 881 | 0 | |||
| Average | - | 5,427 | 874 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21