During the week ending November 21, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a slight downtrend for thick specifications, while remaining on a stable trend for thin specifications, with overall transaction activity still at low levels.
During the given week, demand and transaction activities in the Chinese domestic PPGI market have remained sluggish. Meanwhile, major domestic steelmakers including WISCO and Angang have kept their PPGI prices unchanged for December deliveries. At present, although traders' PPGI inventory levels are not at high levels, they have not been active in booking orders since sales prices in the spot market are even lower than booking price levels for new supplies. It is expected that PPGI prices in the Chinese domestic market will continue to follow a stable trend or indicate a slight downward movement in the coming week.