During the week ending September 28, pre-painted galvanized iron (PPGI) prices have been trending sideways in the Chinese market. At the same time, traders are mainly adopting a wait-and-see strategy. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Following the rebounds in the previous week, prices in the domestic PPGI market have entered a stable trend in the past week amid insufficient support from demand. Given the imbalance between supply and demand, prices in the Chinese PPGI market are expected to indicate a softening in the coming week.
Considering EU and Russian antidumping (AD) measures against ex-China PPGI products, Chinese PPGI suppliers have been focusing increasingly on their domestic market. Although September is the traditional peak season for the Chinese steel market, construction project activity is somewhat muted, while domestic fixed asset investment has also declined in the current month. As a result, both traders and steel mills are not so optimistic on the prospects for the Chinese PPGI market in the coming period.