During the week ending April 19, the Chinese domestic pre-painted galvanized iron (PPGI) market has moved on a stable trend. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Over the past week, transaction activity has been quiet in the Chinese domestic PPGI market. Some traders have told SteelOrbis that the high-priced materials of the large state-run steelmakers are at less competitive prices than the PPGI supplied by private sector steel mills, and so materials from the latter steelmakers have been more plentiful in the market recently.
Currently, PPGI traders are maintaining a wait-and-see stance in the market due to the uncertainty surrounding market demand. It is thought that domestic PPGI prices in China may indicate a soft trend in the coming week.