Against the sharp declines in domestic hot rolled and cold rolled coil prices, competition between local Chinese PPGI traders has become more severe and this is reflected in the cuts made by traders in their prices of PPGI.
Amid weak demand from foreign markets, Chinese PPGI exports have recently been facing difficulties. PPGI demand in the domestic market is also slack in a context of low activity on construction projects, reduced fix asset investment and lower market confidence.
It is expected that China's PPGI market will continue to trend down in the coming period.