Chinese PPGI market moves up slightly amid short supplies

Friday, 16 November 2012 16:24:31 (GMT+3)   |   Shanghai
During the week ending November 16, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have moved up slightly. Average PPGI prices in the local market can be viewed in the SteelOrbis price reports section.    

The positive trend of PPGI prices in the Chinese market is mainly attributable to the short supplies in the market. However, due to the weakness of downstream demand, it is thought that there is no great room left for further increases in prices. Meanwhile, traders are maintaining a wait-and-see stance as regards the future market.

It is expected that PPGI prices in China will only indicate slight fluctuations in the coming period.

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