During the week ending August 15, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have continued their stable trend for the eighth consecutive week, while overall transaction activity has remained slow. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Local traders have stated that their PPGI delivery volumes have not changed much from day to day in August, remaining at low levels, while the slack demand for PPGI from downstream industries has dampened traders' confidence. It is expected that PPGI prices in the Chinese domestic market will continue to move sideways in the coming week as no major positive or negative development is expected which would change the market trend.