During the week ending August 29, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have continued a stable trend for the tenth consecutive week, while overall transaction activity has continued to be quiet. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, PPGI traders in the Chinese domestic market have mostly been focused on selling their products at unchanged price levels. With the approach of the end of the month, some traders under pressure from tightness of funds have indicated their willingness to negotiate on prices. Demand in the market has remained sluggish. It is expected that PPGI prices in the Chinese domestic market will continue to follow a stable trend in the coming week.