Local Chinese PPGI market faces slack downstream demand

Friday, 07 November 2014 16:29:09 (GMT+3)   |   Shanghai
       

During the week ending November 7, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have remained on a stable trend, while overall transaction activity has been at poor levels.

During the week in question, with the Asia-Pacific Economic Cooperation (APEC) leaders' meetings having got underway on November 5, all steelmakers in Tangshan in Hebei Province have been required to halt production, with some PPGI producers in Tianjin city also having stopped production. Currently, demand from downstream users is sluggish. It is expected that PPGI prices in the Chinese domestic market will continue their stable trend in the coming week.


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