During the week ending October 21, average prices of pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated an uptrend, while transaction activity in the domestic market has been at decent 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 generally increased (though indicating a declining trend on October 21), providing support for PPGI prices in the spot market. Some PPGI traders hold an optimistic view of the future prospects for the PPGI market, though some traders are more cautious and maintain a wait-and-see stance, keeping their prices stable. Inventories of PPGI in the market are at low levels, which will provide support for PPGI prices. It is thought that PPGI prices in the Chinese domestic market will likely move sideways in the coming week.
| Product name | Spec. | Category | 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 | 5,750 | 851 | 0 |
| Guangzhou | Huamei | 5,300 | 784 | ↑100 | |||
| Boxing | Guanzhou | 4,500 | 666 | 0 | |||
| Average | - | 5,183 | 767 | ↑33 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,950 | 880 | 0 |
| Guangzhou | Huamei | 5,400 | 799 | ↑100 | |||
| Average | - | 5,675 | 839 | ↑50 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.76