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