Chinese domestic PPGI market move on stable trend

Friday, 02 June 2017 13:56:51 (GMT+3)   |   Shanghai
       

During the week ending June 2, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have indicated a stable trend, while transaction activity in the domestic market has been at low-to-medium levels. Average PPGI prices in the local Chinese market are presented in the following table.

During the given week, downstream users are not so willing to conclude purchases of PPGI following previous price rises. Meanwhile, inventory levels in the PPGI market have declined, which provides support for sellers who prefer to wait in the hope of selling at higher prices later. It is expected that PPGI prices in the Chinese domestic market will again move sideways in the coming week.

 

Product name

Spec.

Quality

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

6,600

969

0

Guangzhou

Huamei

6,050

888

0

Boxing

Guangzhou

5,050

742

0

Average

-

5,900

866

0

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

6,800

999

0

Guangzhou

Huamei

6,150

903

0

Average

-

6,475

951

0


17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.81


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