Although most downstream enterprises have resumed production, they still have PPGI materials which they stocked before the holiday and so they do not urgently need to purchase new materials for the moment. Moreover, traders still maintain a wait-and-see stance as regards the future trend of the market, resulting in increased uncertainty in the market.
Overall, amid rising prices of raw materials, Chinese private sector steelmakers may raise their PPGI prices further. However, demand from end-users still remains sluggish. Accordingly, it is thought that PPGI prices in the Chinese domestic market will continue their stable trend in the coming week.