During the week ending May 27, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated an overall downtrend, while transaction activity has been at low levels. Average PPGI prices in the local Chinese market are presented in the table below.
During the given week, though PPGI prices moved down, most PPGI traders are satisfied with the current movement of PPGI prices, though some traders are more pessimistic. Prices of other flat steel products including hot rolled coil (HRC) and cold rolled coil (CRC) have softened, which will exert a negative impact on PPGI prices. It is expected that PPGI prices in the Chinese domestic market will likely see a stable trend or a slight downtrend 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 |
6,000 |
915 |
↓50 |
Guangzhou |
Huamei |
4,920 |
750 |
↓300 |
|||
Boxing |
Guanzhou |
4,170 |
636 |
↓30 |
|||
Average |
- |
5,030 |
767 |
↓127 |
|||
Thin color coated coils |
0.426 mm x 1,000 x C |
CGCC |
Shanghai |
NewDaZhong |
6,000 |
915 |
0 |
Guangzhou |
Huamei |
5,070 |
773 |
↓300 |
|||
Average |
- |
5,535 |
844 |
↓150 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.56