Amid the good weather conditions, a number of large scale construction projects have been launched, contributing to a revival of demand for PPGI and a slight increase in activity in the market. However, offer levels have failed to move up as confidence remains relatively low in the market. Slight decreases were seen for some prices due to pressure from increased inventory levels.
Overall, PPGI traders are reluctant to cut their prices, while they need stronger demand before they can start thinking of hiking prices.
It is expected that PPGI prices in the Chinese domestic market will at least maintain their current strength in the coming week.