During the week ending November 6, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while overall transaction activity has remained on the slack side. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, following the sharp declines in the previous week, domestic PPGI prices have indicated a stable movement, with market participants mostly maintaining a wait-and-see stance. Some steelmakers have suspended their production amid a lack of orders. It is thought that PPGI prices in the Chinese domestic market will likely follow a slight downtrend in the coming week.
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 |
5,150 |
810 |
0 |
Guangzhou |
Huamei |
4,760 |
748 |
0 |
|||
Boxing |
Guanzhou |
3,390 |
533 |
0 |
|||
Average |
- |
4,433 |
697 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
5,400 |
849 |
0 |
Guangzhou |
Huamei |
5,060 |
796 |
0 |
|||
Average |
- |
5,230 |
822 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.35