During the week ending October 24, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a slight downtrend for thick specifications, while remaining stable for thin specifications, with overall transaction activity being at poor levels. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, due to the ongoing slackness of transaction activity from the downstream side, traders have been cautious about placing orders for new supplies. Although it is now the last quarter of the year, downstream users have not replenished their inventories as in previous years. It is expected that PPGI prices in the Chinese domestic market will move sideways in the coming week.