During the week ending December 30, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have increased, while transaction activity in the domestic market is at medium levels, having improved compared to the previous week. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, downstream users have increased their purchases of PPGI to replenish stocks before the New Year holiday, positively impacting PPGI prices in the spot market. Meanwhile, costs are now at relatively high levels while inventories are still at low levels, and market players are mostly optimistic about the prospects for the price trend in the coming period. It is thought that PPGI prices in the Chinese domestic market will likely move sideways or edge up in the week ahead.
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 |
6,850 |
987 |
0 |
Guangzhou |
Huamei |
6,660 |
960 |
↑260 |
|||
Boxing |
Guanzhou |
5,250 |
756 |
0 |
|||
Average |
- |
6,253 |
901 |
↑87 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7,050 |
1,016 |
0 |
Guangzhou |
Huamei |
6,760 |
974 |
↑260 |
|||
Average |
- |
6,905 |
995 |
↑130 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.94