During the week ending January 13, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have indicated a stable trend, while transaction activity in the domestic market is at low levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, PPGI prices in the Chinese domestic market have remained unchanged. Most trading companies will start preparations to exit the market ahead of the Chinese New Year Holiday, while the mood in the market has mostly been cautious in the past week, which has contributed to the sideways trend of prices. It is thought that PPGI prices in the Chinese domestic market will likely continue to 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 | 6,850 | 993 | 0 |
| Guangzhou | Huamei | 6,660 | 965 | 0 | |||
| Boxing | Guanzhou | 5,250 | 761 | 0 | |||
| Average | - | 6,253 | 906 | 0 | |||
| Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 7,050 | 1,022 | 0 |
| Guangzhou | Huamei | 6,760 | 980 | 0 | |||
| Average | - | 6,905 | 1,001 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90