During the week ending April 26, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have moved on 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, some PPGI producers have halted production due to certain financial issues, resulting in reduced supplies in the PPGI market. At the same time, demand for PPGI has improved, providing support for PPGI prices. However, ferrous metal futures prices in China have moved down, exerting some negative pressure on the PPGI market. 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 |
5,900 |
875 |
0 |
Guangzhou |
Huamei |
5,950 |
883 |
0 |
|||
Boxing |
Shandong Guanzhou |
5,710 |
847 |
0 |
|||
Average |
- |
5,853 |
868 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,500 |
964 |
0 |
Guangzhou |
Huamei |
6,100 |
905 |
0 |
|||
Boxing |
Shandong Guanzhou |
5,920 |
878 |
0 |
|||
Average |
- |
6,173 |
916 |
0 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.74