During the week ending December 23, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have remained stable, while transaction activity in the domestic market is still at low levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, demand from downstream users has been weak amid the traditional off-season, exerting negative pressure on PPGI prices. However, China’s cold rolled coil (CRC) prices have moved on a stable trend, providing support for PPGI prices. Market players are mostly maintaining a wait-and-see stance as regards the future prospects for the PPGI price trend. It is thought that PPGI prices in the Chinese domestic market will likely move sideways in the coming period.
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 |
6,850 |
987 |
0 |
Guangzhou |
Huamei |
6,400 |
922 |
0 |
|||
Boxing |
Guanzhou |
5,250 |
756 |
0 |
|||
Average |
- |
6,166 |
888 |
0 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7,050 |
1016 |
0 |
Guangzhou |
Huamei |
6,500 |
937 |
0 |
|||
Average |
- |
6,775 |
976 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.94