During the week ending September 5, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have remained on a stable trend for the 11th consecutive week, while overall transaction activity has continued to be low. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, PPGI traders have kept their quotations stable but are willing to negotiate in the transaction phase in order to sell materials. However, transaction activity has remained at low levels. Meanwhile, since demand from downstream users has been quiet, PPGI traders are mostly maintaining a wait-and-see stance towards the market. At the same time, inventory of PPGI is on the low side in the spot market, providing a certain degree of support for PPGI prices. It is expected that PPGI prices in the Chinese domestic market will remain stable in the coming week, also due to the influence of China's Mid-Autumn Festival Holiday on September 6-8.