During the week ending September 9, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have continued their stable trend, while transaction activity in the domestic market has been slacker than in the previous week and is now at low-to-medium levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, downstream users have been unwilling to make purchases as they consider PPGI prices to be at relatively high levels, and this has resulted in slacker activity in the market. Meanwhile, the decreases in ferrous metal futures prices in China have exerted a negative impact on confidence levels in the domestic PPGI market. As a result, some PPGI traders have moderated their expectations as regards the prospects for the traditional peak season for business in September and October. Currently, inventories of PPGI in the spot market are on the low side, providing some support for the PPGI price trend in the future. Due to the high cost of previously-purchased PPGI supplies and positive expectations for demand in September, PPGI prices are unlikely to indicate significant declines. It is thought that PPGI prices in the Chinese domestic market will likely continue to move sideways in the coming week.
| Product name | Spec. | Category | 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 | 5,800 | 861 | 0 |
| Guangzhou | Huamei | 5,000 | 778 | 0 | |||
| Boxing | Guanzhou | 4,170 | 644 | 0 | |||
| Average | - | 4,990 | 761 | 0 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,950 | 891 | 0 |
| Guangzhou | Huamei | 5,100 | 793 | 0 | |||
| Average | - | 5,525 | 842 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.68