This week PPGI prices in the domestic market remain stable post price hike of INR 1000/MT announced in the beginning of the month.
Demand for colour coated products in domestic market continued to remain optimistic owing to prevailing peak season from Apr-June’18.
Also improved demand from govt. backed solar projects has boosted demand for PPGI. As per reports, over the last few years, the Indian solar energy sector has seen an exponential growth. The turning point for it, however, was the ambitious target of 100 GW of solar energy generation, to be achieved by 2022, that was announced by the government.The 100 GW target includes 40 GW through de-centralized rooftop projects, 40 GW through utility-scale solar plants, and 20 GW through ultra-mega solar parks.
Currently,trade reference prices of PPGI (0.5mm, 90 GSM) is around INR 63,000-63,500/MT (ex-Mumbai) and INR 64,000-65,000/MT (ex-Delhi). The prices mentioned above are basic prices excluding GST@18%.
Indian PPGI export offers for European nations -Market sources shared with SteelMint
that one of the Indian PPGI manufacturer is quoting PPGI (0.5 mm 100 GSM) to Europe at Euro 795/MT (USD 936/MT,FoB India) which is equivalent to Euro 820/MT (USD 966/MT) CFR Europe.
Domestic GP Prices decline marginally in traders market – GP prices decline marginally by INR 500/MT in fewer regions over limited bookings.
Currently price assessment for Galvanized plain coil (0.8 mm, 120 GSM) is at INR 55,500-57,500/MT (ex-Mumbai) and INR 56,000/MT (ex-Chennai) and INR 56,000/MT (ex-Delhi).The prices mentioned above are basic prices excluding GST@18%.
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