During the week ending May 20, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while transaction activity has been at low levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, with the downtrend of domestic semi-finished steel prices losing momentum, local PPGI traders have been unwilling to reduce their sales prices, resulting in the stable movement of PPGI prices. Meanwhile, inventories are at low levels in the PPGI market, providing support for local PPGI prices. It is thought that PPGI prices in the Chinese domestic market will likely continue their stable trend in the coming week.
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 | 6,050 | 924 | 0 |
Guangzhou | Huamei | 5,220 | 797 | 0 | |||
Boxing | Guanzhou | 4,200 | 641 | 0 | |||
Average | - | 5,157 | 787 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 6,000 | 916 | 0 |
Guangzhou | Huamei | 5,370 | 820 | 0 | |||
Average | - | 5,685 | 868 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.55