SteelOrbis

Chinese domestic PPGI market sees improved activity

Friday, 17 February 2017 12:14:22 (GMT+3)   -   Shanghai

During the week ending February 17, 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, transaction activity in the Chinese domestic PPGI market has improved compared to the previous week, but has not yet recovered to normal levels. Against the backdrop of the recent increases in domestic prices of other flat steel products, it is thought that PPGI prices in the Chinese domestic market will very likely move upwards 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

997

0

Guangzhou

Huamei

6,660

969

0

Boxing

Guanzhou

5,250

764

0

Average

-

6,253

910

0

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

7,050

1,026

0

Guangzhou

Huamei

6,760

984

0

Average

-

6,905

1,005

0


 
17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.87


Tags: galvanized , coated , flats , China , Far East , steelmaking , Shanghai | similar articles »
 
Most Recent Related Articles
Tags: galvanized , coated , flats , China , Far East , steelmaking , Shanghai | similar articles
Tags: hrc , crc , galvanized , flats , China , Far East , production , steelmaking , Shanghai | similar articles
Tags: coated , flats , China , Southeast Asia , steelmaking , Shanghai | similar articles
Tags: coated , flats , China , Southeast Asia , steelmaking , Shanghai | similar articles
Tags: hrc , crc , plate , galvanized , flats , China , Southeast Asia , steelmaking , Shanghai | similar articles