During the week ending October 31, pre-painted
galvanized iron (PPGI) quotations in the Chinese domestic market have remained on a stable trend, while overall transaction activity has been slack.
Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, traders have less inclined to conclude PPGI purchases due to tighter liquidity near the end of the month. Local PPGI producers have not been receiving many orders from the domestic market and so some of them have shifted their attention to the export market. Demand from downstream users remains sluggish, while PPGI market prices are already considered to be at relatively low levels. It is expected that PPGI prices in the Chinese domestic market will remain on a stable trend in the coming week if raw materials prices do not indicate significant fluctuations.