Over the past week, transactions have hardly been seen in the Chinese steel market due to the three-day New Year holiday. Considering downstream users need build up some inventories before China's Spring Festival, transaction activity may improve somewhat in the near future. However, there is not expected to be significant growth in demand for PPGI until March or April, after the Spring Festival holiday.
Overall, it is expected that PPGI prices in the Chinese domestic market will remain stable in the coming week.