Since it is close to the end of the year, traders of PPGI in China are not very active, only concluding deals with regular customers who pay in cash. Some traders have increased their PPGI offer prices, indicating their positive outlook on the prospects for the PPGI market in the coming period.
Entering the fourth quarter, infrastructure and real estate investment in China have increased. For example, infrastructure investment in China in the September-November period equaled the total infrastructure investment recorded in the first eight months of the year, which is good news for the steel markets in China.
Overall, PPGI prices in the Chinese domestic market are expected to fluctuate within a narrow range in the short term.