During the week ending June 21, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have declined slightly, 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, demand for PPGI from downstream users in China has been slack as the rainy season has begun in the Yangtze River Delta. Traders have been pessimistic as regards the prospects for the future PPGI trend and so have booked fewer supplies from PPGI producers. However, the rising trend of import iron ore prices will provide some degree of support for PPGI prices. It is expected that PPGI prices in the Chinese domestic market will move on a soft trend 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 |
5,450 |
792 |
↓50 |
Guangzhou |
Huamei |
6,050 |
879 |
0 |
|||
Boxing |
Shandong Guanzhou |
5,790 |
842 |
0 |
|||
Average |
- |
5,763 |
838 |
↓17 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,100 |
887 |
↓50 |
Guangzhou |
Huamei |
6,150 |
894 |
0 |
|||
Boxing |
Shandong Guanzhou |
6,000 |
872 |
0 |
|||
Average |
- |
6,083 |
884 |
↓1 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88
