During the week ending July 5, 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 levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, PPGI producers in northern China have reduced outputs due to environmental protection measures, easing the supply pressure on the market. Meanwhile, the high prices of iron ore have provided support for PPGI prices from the cost side. However, demand from downstream users is slack and so traders are downbeat on the prospects for the market trend. It is expected that PPGI prices in the Chinese domestic market will edge down 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 |
5,550 |
807 |
↑50 |
Guangzhou |
Huamei |
5,900 |
858 |
↓50 |
|||
Boxing |
Shandong Guanzhou |
5,790 |
842 |
0 |
|||
Average |
- |
5,747 |
835 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,150 |
894 |
↑50 |
Guangzhou |
Huamei |
6,000 |
872 |
↓50 |
|||
Boxing |
Shandong Guanzhou |
6,000 |
872 |
0 |
|||
Average |
- |
6,050 |
879 |
0 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88
