During the week ending August 9, pre-painted galvanized iron (PPGI) prices in China have been trending up. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
In the given period, PPGI traders in China have been trying to boost transaction prices in the domestic market by raising their offer prices, supported by rising upstream costs. However, overall market activity has slowed down. As the weather in China has remained very hot, some local downstream enterprises have gone on holiday, affecting demand negatively. As for the future, many traders lack optimism. In the short term, Chinese domestic PPGI prices are expected to indicate only slight fluctuations.