During the week ending October 25, pre-painted galvanized iron (PPGI) prices have been trending down in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, activity in the Chinese domestic PPGI market has been quiet, while sentiment among traders is on the pessimistic side. Some private sector mills have been eager to attract orders and so have lowered their offers, thereby contributing to the softness of market prices. Amid scarce liquidity and negative expectations for the market trend in the coming period, the volume of orders in the market has been low in recent days. It is expected that Chinese domestic PPGI prices will move on a soft trend in the coming week.