Chinese PPGI market sees increased activity

Friday, 17 February 2012 17:34:26 (GMT+3)   |  
In the past week, the Chinese pre-painted galvanized iron (PPGI) market has mostly followed a sideways trend, though some slight decreases have been seen. Meanwhile, the trading volume in the market has improved. Average PPGI prices in the main markets in China can be viewed in the SteelOrbis price reports section. 

Market players are expecting PPGI producers to raise prices in line with increases announced by major domestic steel producers for March shipment. Meanwhile, inquiries from construction projects have increased, and transaction activity has improved significantly. Most traders believe that downstream end-users will start booking more PPGI materials in the coming period.

It is thought that in the coming week the Chinese PPGI market will continue to move sideways in general, but perhaps with some slight decreases.

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