During the week ending October 17, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a stable trend, while transaction activity has been at low levels. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, PPGI traders have been unwilling to adjust their offer prices despite the ongoing sluggishness of demand in October, which traditionally has been a good month for business. As PPGI prices are already at low levels, tightness of liquidity is observed on the traders' side, which may exert a negative impact on the market in the coming period. A lack of confidence is also witnessed among market participants at the current time. It is expected that PPGI prices in the Chinese domestic market will remain on a stable trend in the week ahead.