During the week ending August 28, 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 table below.
During the given week, the influence of steel production cuts amid environment protection measures implemented with the approach of the 70th anniversary of victory in the war against Japan has not been as significant as expected. Meanwhile, real demand for PPGI materials has been slack, while most PPGI traders are pessimistic on the future prospects for the market. However, HDG prices have remained stable, providing a certain degree of support for PPGI prices. It is expected that PPGI prices in the Chinese domestic market will continue their stable trend 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 | 5,300 | 829 | 0 |
Guangzhou | Huamei | 5,060 | 792 | 0 | |||
Boxing | Guanzhou | 3,750 | 587 | 0 | |||
Average | - | 4,703 | 736 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,500 | 861 | 0 |
Guangzhou | Huamei | 5,160 | 808 | 0 | |||
Average | - | 5,330 | 834 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.39