Chinese PPGI market trends between sideways and slightly down

During the week ending November 2, some pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have trended sideways, while others have declined slightly. Average PPGI prices in the domestic market can be viewed in the SteelOrbis price reports section.  
 
Due to the contraction of demand in the Chinese PPGI market, the uptrend of PPGI prices seen in the previous weeks came to an end in the past week. In this context, some private sector PPGI producers are still operating at low capacities. At present, the market is shrouded with uncertainty. The awaited new price announcements of large producers may have some impact on market sentiment. For the coming week, it is thought that the Chinese PPGI market will indicate a soft trend.