During the week ending July 18, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have remained on a stable trend for the fourth consecutive week, while overall transaction activity is still slack. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, although PPGI prices in the Chinese domestic market have followed a stable trend, traders hold various views on the future prospects for the market. Some are cautiously optimistic, considering that costs of recent materials arriving in the market have been at comparatively high levels and will thus provide a certain degree of support for PPGI prices in the spot market. However, other traders are not so optimistic and prefer to maintain a wait-and-see stance. As for the coming week, PPGI prices in the Chinese domestic market will likely continue their stable movement given the lack of any significant changes in the supply-demand balance in the market.