During the week ending April 19, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have edged up slightly, 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, some domestic PPGI producers have raised their ex-works prices, exerting a positive impact on PPGI prices in the spot market. However, ferrous metal futures prices in China have softened, weakening support for PPGI prices. 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 |
5,900 |
879 |
0 |
Guangzhou |
Huamei |
5,950 |
887 |
↑50 |
|||
Boxing |
Shandong Guanzhou |
5,710 |
851 |
0 |
|||
Average |
- |
5,853 |
872 |
↑16 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,500 |
969 |
0 |
Guangzhou |
Huamei |
6,100 |
909 |
↑50 |
|||
Boxing |
Shandong Guanzhou |
5,920 |
882 |
0 |
|||
Average |
- |
6,173 |
920 |
↑16 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.71
