Chinese PPGI coil prices decrease

BEIJING (Asian Metal) 18 May 16 - The PPGI coil prices in Chinese leading market recorded a mark-down of RMB50-100/t (USD8-15/t) on Tuesday, influenced by the bad market performance.Asian Metal Copyright “Now it is buyers’ market as customers are not active in placing orders,” said the source, adding that some customers claimed that he will not place orders before the price come down to their target level.Asian Metal Copyright The current price of TDC51D+Z 0.5mm*1,000mm*C (with the ocean-blue color) in Shanghai is RMB6,150/t (USD943/t) VAT included.Asian Metal Copyright “Prices of HGI coil have fallen by 8%-10% since the beginning of May,” said the source, adding that prices of PPGI coil followed up the downward trend in past days.Asian Metal Copyright Traders are holding many stocks due to poor sales in past days and want to withdraw some capitals by selling materials.Asian Metal Copyright His sales volume was about 700 tons in April, while it is 200 tons up to date this month.Asian Metal Copyright Insiders predict that it is likely for the price of PPGI coil to decline further in the coming week.

A trader in Shanghai reported to Asian Metal that the price for PPGI coil TDC51D+Z 0.5mm*1,000mm*C (with the ocean-blue color) from Baosteel is RMB6,150/t (USD943/t) VAT included, down by RMB50/t (USD8/t) compared with that of last day. According to the source, prices totally fell by RMB200-250/t (USD31-38/t) in past ten days and customers were cautious about placing orders when prices were on the downward trend.

The source revealed that he has 1,200 tons in hand at present, while it was about 500 tons in late April. He explained that inventory backlogged in past two weeks due to the poor sales and he has not placed any order with Baosteel for June delivery facing so many stocks.Asian Metal Copyright The source revealed that his sales volume was about 1,000 tons in April, while it is about 300 tons up to date this month.Asian Metal Copyright The source revealed that his sales volume was about 1,000 tons in April, while it is about 300 tons up to date this month.Asian Metal Copyright Insiders predict that it is likely for the price of PPGI coil to decline further in the coming week.Asian Metal Copyright “We want to withdraw some capitals by reducing stocks,” said the source, predicting a price decline in the coming week.

A trader in Tianjin revealed that the price of PPGI coil CGCC 0.476mm*1,000mm*C with the ocean-blue color from Xinyu Group is RMB4,100/t (USD628/t) VAT included, down by RMB100/t (USD15/t) compared with that of last trading day. The source pointed that the price of PPGI coil totally decreased by about RMB250/t (USD23/t) after 9 May.Asian Metal Copyright His sales volume was about 700 tons in April, while it is 200 tons up to date this month.Asian Metal Copyright “Prices of HGI coil have fallen by 8%-10% since the beginning of May,” said the source, adding that prices of PPGI coil followed up the downward trend in past days.

Holding an inventory of 500 tons in hand, the source revealed that his stocks were about 300 tons in April, when prices were on an upward trend. “Now it is buyers’ market as customers are not active in placing orders,” said the source, adding that some customers claimed that he will not place orders before the price come down to their target level.Asian Metal Copyright Holding an inventory of 500 tons in hand, the source revealed that his stocks were about 300 tons in April, when prices were on an upward trend.Asian Metal Copyright His sales volume was about 700 tons in April, while it is 200 tons up to date this month.Asian Metal Copyright Holding an inventory of 500 tons in hand, the source revealed that his stocks were about 300 tons in April, when prices were on an upward trend.Asian Metal Copyright The source shows little optimism for the market outlook.
.Asian Metal Copyright5mm*1,000mm*C with the ocean-blue color from Baosteel is RMB6,150t USD943t VAT included, down by RMB50t USD8t compared with that of last dayAsian Metal Copyright