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