During the week ending July 27, 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, domestic PPGI prices have moved on a stable trend, supported by slight upticks in prices of upstream flat steel products such as hot rolled coil (HRC) and cold rolled coil (CRC). Meanwhile, ferrous metal futures prices in China have moved upwards, also providing some support for the PPGI market. However, on the other hand the ongoing hot weather conditions in China have exerted a negative impact on the purchasing activities of downstream users. It is thought that PPGI prices in the Chinese domestic market will likely 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 |
7.200 |
1.057 |
0 |
Guangzhou |
Huamei |
6.250 |
918 |
0 |
|||
Boxing |
Shandong Guanzhou |
6.000 |
881 |
0 |
|||
Average |
- |
6.483 |
952 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7.300 |
1.072 |
0 |
Guangzhou |
Huamei |
6.400 |
940 |
0 |
|||
Boxing |
Shandong Guanzhou |
6.310 |
927 |
0 |
|||
Average |
- |
6.670 |
979 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.81