During the week ending December 1, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have moved on a stable trend, 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, ferrous metal futures prices in China have increased, while inventory levels of PPGI in the spot market and on the steelmakers’ side have decreased, with these factors providing support for domestic PPGI prices. However, prices of hot rolled coil (HRC) in China have recently indicated larger increases compared to prices of PPGI, negatively impacting profitability and sentiment among PPGI producers. It is thought the PPGI prices in the Chinese domestic market will likely 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 |
6,750 |
1,021 |
0 |
Guangzhou |
Huamei |
6,300 |
953 |
0 |
|||
Boxing |
Guangzhou |
6,100 |
923 |
0 |
|||
Average |
- |
6,383 |
966 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,900 |
1,044 |
0 |
Guangzhou |
Huamei |
6,400 |
968 |
0 |
|||
Average |
- |
6,650 |
1,006 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.61
