Chinese domestic PPGI prices rise slightly

Friday, 26 July 2019 14:25:32 (GMT+3)   |   Shanghai
       

During the week ending July 26, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have increased slightly, 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, Chinese PPGI producers’ outputs have decreased due to environmental protection measures, thereby providing support for domestic PPGI prices. However, demand has been slack because of the very hot weather conditions. It is expected that PPGI prices in the Chinese domestic market will fluctuate within a limited range 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

5,650

821

↑50

Guangzhou

Huamei

5,900

858

0

Boxing

Shandong Guanzhou

5,790

842

0

Average

-

5,780

840

↑17

Thin color coated coils

0.426 mm x 1,000 x C

CGCC

Shanghai

NewDaZhong

6,250

908

↑50

Guangzhou

Huamei

6,000

872

0

Boxing

Shandong Guanzhou

6,000

872

0

Average

-

6,084

884

↑17

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 stainless steel prices move sideways

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