During the week ending April 12, the Chinese domestic pre-painted galvanized iron (PPGI) market continued to indicate a decreasing trend. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
The ongoing sluggish demand for PPGI in China negatively affected the confidence of traders in the week in question. Some traders, who had previously insisted on keeping their prices unchanged, had to lower their prices to stimulate transaction activity. Meanwhile, some PPGI producers said that they do not have problems relating to shortages of funds, though they are under pressure from weak demand.
Overall, PPGI prices in the Chinese domestic market are expected to continue their weak trend amid the sluggish demand situation.