Chinese PPGI market indicates slight decreases

Friday, 30 March 2012 17:25:59 (GMT+3)   |  
During the week ending March 30, the Chinese pre-painted galvanized iron (PPGI) market has trended down by different margins in Guangzhou and Boxing, while PPGI prices in the Shanghai market have remained stable. Average prices of PPGI in China can be viewed in the SteelOrbis price reports section. 

This week, transaction activity in China's PPGI market has on the whole been quieter than in the previous week. Traders state that at the current time their materials bought in January have not yet been completely sold. Traders are not so positive on the prospects for the future market and are worried about weak demand from the downstream market resulting from fewer project starts and increased tightness of funds.

On the whole, it is thought that PPGI prices in the Chinese domestic market will maintain a stable trend or decrease slightly in the coming week.

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