During the week ending April 17, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have moved sideways, 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.
Specification (mm) |
Category |
Average price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
0.476 x 1,000 |
CGCC |
5,730 |
0 |
810 |
-4 |
0.426 x 1,000 |
CGCC |
5,850 |
0 |
827 |
-5 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
During the given week, ferrous metal futures prices in China have moved up, bolstering PPGI prices in the Chinese domestic market. However, inventories are still at relatively high levels, weakening the support for PPGI prices. Cautious sentiment has prevailed among market players, who have been willing to sell.
As of April 17, HRC futures prices at Shanghai Futures Exchange (SHFE) are standing at RMB 3,235/mt ($457.5/mt), up RMB 26/mt ($3.7/mt) or 0.81 percent from RMB 3,209/mt on April 10.
Şanghay Vadeli İşlemler Borsasında sıcak sac fiyatları 10-17 Nisan tarihleri arasında 3.209 RMB/mt seviyesinden %0,81 veya 26 RMB/mt (3,7$/mt) yükseldi ve 3.235 RMB/mt (457,7$/mt) seviyesinde yer almaya başladı.
$1 = RMB 7.0718
