During the week ending June 28, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have moved on a soft trend, while transaction activity in the domestic market has been at low levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, inventories of PPGI in the domestic market have been at relatively low levels, while traders have not received sufficient orders from downstream users. Currently, high temperatures and rainy weather have negatively impacted the PPGI market. However, the rising trend of ferrous metal futures prices in China have provided a certain degree of support for PPGI prices. It is expected that PPGI prices in the Chinese domestic market will 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 |
5,500 |
804 |
0 |
Guangzhou |
Huamei |
5,950 |
870 |
↓100 |
|||
Boxing |
Shandong Guanzhou |
5,790 |
846 |
0 |
|||
Average |
- |
5,747 |
840 |
↓33 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,100 |
892 |
0 |
Guangzhou |
Huamei |
6,050 |
885 |
↓100 |
|||
Boxing |
Shandong Guanzhou |
6,000 |
877 |
0 |
|||
Average |
- |
6,050 |
885 |
↓33 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.86
