During the week ending August 30, pre-painted galvanized iron (PPGI) prices have slightly increased in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
In the given period, Chinese PPGI traders' price moves have shown some variations since these traders have different market expectations. Traders with optimistic outlook have continued to rise their offers, while other traders, who have pessimistic anticipations have failed to hold firm behind their prices and have lowered their offers instead, in order to attract orders. Indeed, demand for PPGI products in the Chinese domestic market is not robust on the whole, despite Chinese mills' efforts to hike their list prices. Recently, there are some new construction starts, though not many. As a result, the order volume is currently low in the local market. It's expected that PPGI prices will trend softly in the short term.