Chinese domestic PPGI prices move sideways

Friday, 22 June 2018 13:53:36 (GMT+3)   |   Shanghai
       

During the week ending on June 22, 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, domestic hot rolled coil (HRC) prices have moved sideways, providing support for the stability of PPGI prices. Meanwhile, some PPGI specifications have been in short supply. Currently, traders are still upbeat as regards the prospects for the PPGI market trend. However, the rainy season and hot weather will exert a negative impact on demand for PPGI. It is thought that PPGI prices in the Chinese domestic market will likely continue their stable trend 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

7,100

1,094

0

Guangzhou

Huamei

6,300

971

0

Boxing

Shandong Guanzhou

5,970

920

0

Average

-

6,457

995

0

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

7,200

1,109

0

Guangzhou

Huamei

6,450

994

0

Boxing

Shandong Guanzhou

6,280

968

0

Average

-

6,644

1,024

0

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

$1 = RMB 6.49


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