During the week ending October 11, pre-painted galvanized iron (PPGI) prices have moved down in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Overall demand in the Chinese PPGI market has not yet indicated any recovery after the National Day holiday. As a result, some local traders have started to cut their prices, though mills have been trying to keep their prices stable. In the meantime, domestic downstream demand has remained slack. In the export market, the sales situation is also poor. It is thought that Chinese domestic PPGI prices will probably fluctuate on a slightly soft trend in the coming week.