With the transaction volume declining, some PPGI traders have been more willing to negotiate on their offer prices. Unlike the wait-and-see attitude they maintained in the previous week, traders have been more willing to sell during the past week. Meanwhile, they are less positive on the prospects for the PPGI market in the coming period.
Currently, as regards exports Chinese suppliers have shifted their attention from the European Union to Southeast Asia and South America, but they face strong price competition as they seek market shares in the new destinations.
Overall, it is thought that in the coming period in China's PPGI market local traders may cut their prices in order to increase their sales volumes.