Chinese domestic PPGI prices follow a stable trend

Friday, 27 July 2018 17:06:20 (GMT+3)   |   Shanghai
       

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


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