During the week ending April 17, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while overall transaction activity has remained sluggish.
During the given week, although traders attempted to increase their PPGI prices, buyers have resisted price increases amid slack demand. Meanwhile, major domestic steelmaker Anshan Iron and Steel Group issued their ex-works prices for PPGI for May shipment, keeping their PPGI prices stable, which will provide some support for the stability of PPGI market prices. It is expected that PPGI prices in the Chinese domestic market will continue their stable trend in the coming week.