Chinese domestic PPGI prices move on rising trend

Friday, 10 August 2018 17:24:09 (GMT+3)   |   Shanghai
       

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


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