During the week ending March 3, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have indicated a slight rising 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, PPGI prices in the Chinese domestic market have edged up slightly. As the domestic PPGI prices are now at relatively high levels, most market players are maintaining a wait-and-see stance and downstream users have been more cautious about concluding purchases, resulting in low-to-medium transaction activity. It is thought that PPGI prices in the Chinese domestic market will likely fluctuate within a limited rang 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 | 6,850 | 993 | ↑50 |
| Guangzhou | Huamei | 6,760 | 980 | 0 | |||
| Boxing | Guanzhou | 5,310 | 770 | 0 | |||
| Average | - | 6,306 | 914 | ↑16 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 7,050 | 1022 | 0 |
| Guangzhou | Huamei | 6,860 | 994 | 0 | |||
| Average | - | 6,905 | 1,001 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90