Chinese domestic PPGI prices move sideways

Friday, 19 July 2019 14:36:01 (GMT+3)   |   Shanghai
       

During the week ending July 19, 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, PPGI prices have moved on a stable trend as the impact of environmental protection measures has diminished. The rainy weather in southern China has negatively affected the demand from downstream users of PPGI. However, the high prices of iron ore have bolstered PPGI prices from cost side. 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

5,600

814

0

Guangzhou

Huamei

5,900

858

0

Boxing

Shandong Guanzhou

5,790

842

0

Average

-

5,763

838

0

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

6,200

901

0

Guangzhou

Huamei

6,000

872

0

Boxing

Shandong Guanzhou

6,000

872

0

Average

-

6,067

882

0

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

$1 = RMB 6.88


Most Recent Related Articles

Ex-China CRC prices up sharply amid higher raw material prices, local uptrend

Import and export HRC prices up visibly in China amid local price gains   

Ex-China CRC offer prices rise further but are uncompetitive

Ex-China HRC offers edge up, Vietnam agrees to buy at higher prices from India

Demand for ex-China HDG weak after holiday, prices stable