During the week ending August 10, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have increased, 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, due to strict environmental protection policy, PPGI production has been negatively affected, which lowered its supply to the market and provided certain support to PPGI prices. Meanwhile, ferrous metal futures prices have moved up, exerting a positive impact on PPGI prices, even though traders mentioned the transaction activity has not seen improvement, while they declined to lower 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 |
7,300 |
1,066 |
↑50 |
Guangzhou |
Huamei |
6,300 |
920 |
0 |
|||
Boxing |
Shandong Guanzhou |
6,000 |
876 |
0 |
|||
Average |
- |
6,533 |
954 |
↑17 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7,400 |
1,080 |
↑50 |
Guangzhou |
Huamei |
6,450 |
942 |
0 |
|||
Boxing |
Shandong Guanzhou |
6,310 |
921 |
0 |
|||
Average |
- |
6,720 |
981 |
↑17 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.85