During the week ending January 3, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have continued their stable trend. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
On the one hand, raw material prices are still at relatively high levels and so traders in China show little inclination to lower their PPGI prices. On the other hand, demand in the Chinese PPGI market is sluggish and so there is no strong support for the upward movement of prices. Some traders have been under pressure to adjust their PPGI prices due to tightness of funds. As regards the coming week, it is expected that Chinese domestic PPGI prices will move mostly on a stable trend.