Chinese PPGI prices stable as market gets ready for holiday

Friday, 20 January 2012 14:25:18 (GMT+3)   |  
During the week ending January 20, the Chinese pre-painted galvanized iron (PPGI) market has been on a stable trend. Average prices of PPGI in China can be viewed in the SteelOrbis price reports section.

Activity has been slow in the Chinese domestic PPGI market in the given week. Inventory in the market has increased influenced by fewer deals and the continuing arrival of new supplies. Traders in the market have been closing their sales before the Chinese Spring Festival holiday. Most traders are pinning their hopes on the post-holiday market, and it is thought that the Chinese PPGI market will show a tentative upward in the first week back after the holiday.

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