During the week ending November 30, pre-painted galvanized iron (PPGI) prices have indicated stable movement in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Amid low booking activities, many PPGI production lines have been shut down in China. Although reduced supply might provide some support for the market, demand has the final say in determining the price trend. Entering into the traditionally weak season in winter, traders are now more pessimistic as regards the market situation.
As for the near future, PPGI prices in the Chinese market are expected to continue to trend sideways.