During the week ending December 20, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have continued their stable trend, while demand is still sluggish. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
On the one hand, the poor demand in the domestic PPGI market is caused by the off-season at the end of the year and the low number of starts on downstream projects. In this context, purchase volumes in the coming period are expected to decrease significantly. On the other hand, most Chinese PPGI traders do not report any tightness on the liquidity side, while their margins are reduced, and so most of them choose to maintain a wait-and-see stance. As regards the coming week, it is expected that Chinese domestic PPGI prices will move mostly on a stable trend, with some slight decreases also possible.