During the week ending November 14, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have continued their stable trend, while overall 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 prices have been stable as traders have mostly been maintaining a wait-and-see stance towards the future prospects for the market. In November, demand for PPGI materials from downstream users has been slack, while raw material prices, especially prices of iron ore, have been at low levels, exerting a negative influence on sentiment in the PPGI market. Accordingly, pessimism prevails at present among PPGI traders in the local market. For the coming week, it is expected that PPGI prices in the Chinese domestic market will mostly continue their stable trend, though the possibility of some slight downticks also is not excluded.