During the week ending April 18, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have moved on a stable trend for the third consecutive week, while transaction activity has improved compared to the previous week. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
After private sector PPGI producers in China raised their ex-works prices last week, participants in the Chinese domestic PPGI market hold the view that domestic PPGI market prices will not move down in the short term and so they have stepped up their purchasing activities. However, traders experiencing inventory pressures and shortages of funds have been offering discounts. It is thought that PPGI prices in the Chinese domestic market will likely continue their stable trend in the coming week.