During the week ending January 6, 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 is at low-to-medium levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, PPGI prices in the Chinese domestic market have indicated a stable trend. Inventories are back to normal levels and many market players are maintaining a wait-and-see stance with the approach of the Chinese New Year holiday. It is thought that PPGI prices in the Chinese domestic market will likely move sideways in the coming period.
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 |
6,850 |
990 |
0 |
Guangzhou |
Huamei |
6,660 |
962 |
0 |
|||
Boxing |
Guanzhou |
5,250 |
759 |
0 |
|||
Average |
- |
6,253 |
904 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7,050 |
1,019 |
0 |
Guangzhou |
Huamei |
6,760 |
977 |
0 |
|||
Average |
- |
6,905 |
998 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.92