During the week ending January 18, pre-painted galvanized iron (PPGI) prices have maintained a stable trend in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Transaction activity in the Chinese domestic PPGI market has been on the insufficient side over the past week. With the Spring Festival drawing closer, it is thought that local PPGI demand will remain sluggish before the holiday. Given the strong support on the cost side, traders are currently not inclined to cut prices in order to increase sales volumes. It is expected that PPGI prices in the local Chinese market will continue their stable trend in the coming week.