During the week ending September 26, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have finally indicated downward movement after having followed a stable trend for the previous 13 weeks, 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, sharp declines in hot rolled coil (HRC) prices in China have negatively affected domestic PPGI prices, while demand for PPGI from downstream industries has remained sluggish. However, PPGI mills are expected to carry out maintenance works in the coming weeks, which will likely provide a certain degree of support for PPGI prices due to decreases in supply. It is expected that PPGI prices in the Chinese domestic market will move on a slight downtrend in the week after China's National Day Holiday (October 1-7).