Chinese domestic PPGI prices move on soft trend

Friday, 11 May 2018 14:55:17 (GMT+3)   |   Shanghai
       

During the week ending on May 11, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have decreased, 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, domestic PPGI prices have moved down, while transaction activity has been on the slack side. Meanwhile, low inventories in the PPGI market have been providing some degree of support for PPGI prices. However, traders in the PPGI market have been reluctant to conclude purchases, exerting a negative impact on prices. It is thought that PPGI prices in the Chinese domestic market will edge down slightly 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

6,690

1.057

0

Guangzhou

Huamei

6,150

972

↓90

Boxing

Shandong Guanzhou

5,820

919

↓80

Average

-

6,220

983

↓57

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

6,830

1.079

0

Guangzhou

Huamei

6,250

987

↓50

Boxing

Shandong Guanzhou

6,310

997

0

Average

-

6,463

1.021

↓17

 16 percent VAT is included in all prices and all prices are ex-warehouse. 

$1 = RMB 6.33

 


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