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