During the week ending September 12, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have remained on a stable trend for the 12th consecutive week, while overall transaction activity has remained at poor levels. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, PPGI traders in China have mostly maintained a wait-and-see stance, while some shortages in the spot market have provided a certain degree of support for local PPGI prices. Amid slow activity, traders have been keeping their inventories at low levels. Demand from downstream users has not shown any recovery yet. It is thought that PPGI prices in the Chinese domestic market will likely remain stable in the coming week, or they could indicate some slight downticks if transaction activity is very slack.