Chinese PPGI market still on the decline

During the week ending July 27, the Chinese pre-painted galvanized iron (PPGI) market has continued to decline. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.     
 
In the given week, low buying activity has been seen in the Chinese PPGI market. At present, both traders and end-users are still acting cautiously given the uncertain environment. On the export side, under the impact of overseas antidumping (AD) measures, Chinese PPGI exports declined by 4-5 percent in June this year as compared to May, according to customs data. Accordingly, most traders are now focusing more on domestic sales. As regards downstream industry, the reduction of investments in construction projects has also restricted market demand. With reduced profit margins, traders are now less confident about the future prospects for the PPGI market.
 
In the short term, the Chinese PPGI market is not expected to show any improvement.