During the week ending September 6, pre-painted galvanized iron (PPGI) prices have followed a sideways trend in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Demand from downstream sectors in China has so far failed to indicate a recovery, and so local PPGI traders are still maintaining a wait-and-see stance. Despite the recent decline in mills' export volumes, the production cuts implemented by some PPGI producers for September have reduced the supply pressure on the market and provided some support for prices. As for the near future, it is thought that Chinese domestic PPGI prices may indicate minor fluctuations, while it is not excluded that prices may start to move up.