Demand expected to improve in local Chinese PPGI market

Friday, 23 August 2013 15:17:53 (GMT+3)   |   Shanghai
During the week ending August 23, price movement in the Chinese domestic pre-painted galvanized iron (PPGI) market has been either stable or slightly up. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.

In the given week, Chinese domestic PPGI prices have remained at high levels, while fewer traders are seeking to push their prices up further following previous increases. With the weather becoming less hot, activity on downstream projects has started to pick up and so demand is expected to be improve in the coming period. Meanwhile, the lack of availability of some specifications has also provided some support for PPGI prices in China. It is thought that Chinese domestic PPGI prices may still see some slight upticks in the coming week.

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