During the week ending September 8, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have indicated a rising trend, while transaction activity in the domestic market has been at low-to-medium levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, steelmakers have increased their ex-works prices for PPGI gradually. However, since demand from downstream users has not seen significant improvement, traders’ confidence towards prospect for the future PPGI market slackened to some degree. It is thought that PPGI prices in the Chinese domestic market will likely 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 |
6,900 |
1,070 |
0 |
Guangzhou |
Huamei |
6,350 |
984 |
↑100 |
|||
Boxing |
Guangzhou |
6,120 |
949 |
↑50 |
|||
Average |
- |
6,482 |
1,005 |
↑75 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
7,100 |
1,101 |
0 |
Guangzhou |
Huamei |
6,350 |
984 |
↑100 |
|||
Average |
- |
6,775 |
1,050 |
↑50 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.45
