Traders lack optimism in sluggish Chinese domestic PPGI market

Friday, 04 April 2014 16:59:10 (GMT+3)   |   Shanghai
       

During the week ending Apr 4, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have maintained a stable trend. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.

During the given week, transaction activity in the Chinese PPGI market has remained poor, while the volumes of new materials arriving in the market are not on the high side, with the result that there is no great pressure on market prices from inventory at the current time. Although it is considered that PPGI prices do not have much room for downward movement as they have declined to their lowest levels in recent years, traders are not optimistic on the prospects for the market in the coming period since transaction activity and profit margins are still on the low side. Traders in the market are mostly focused on reducing their inventory levels.

Demand from downstream users is expected to be somewhat better in April as the peak season for consumption approaches. For the coming week, it is expected that PPGI prices in the Chinese domestic market will again move sideways.


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab