During the week ending March 27, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated a significant downtrend, while overall transaction activity has still been sluggish. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, domestic PPGI prices have indicated further declines as traders have been experiencing tight liquidity coming towards the end of the month, while purchases by downstream users have been sluggish. Although HRC prices have indicated an uptrend during the given week, PPGI traders are still cautious as regards the future prospects for the market due to the ongoing slackness of demand. It is expected that PPGI prices in the Chinese domestic market will fluctuate within a limited range in the coming week.