Chinese PPGI market witnesses slight uptrend

During the week ending October 19, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have trended up slightly. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.      
 
As domestic PPGI market supply is indicating some shortages, some traders have taken this opportunity to raise their PPGI offers. In the meantime, domestic steel mills are still trying the find a way to push up prices. However, considering the competition between suppliers, in the short term it is hard to foresee any significant increases in the market.
 
It is thought that PPGI prices in the Chinese domestic market will not register any big changes in the coming week.