During the week ending May 10, pre-painted galvanized iron (PPGI) prices have been trending sideways in the Chinese domestic market amid less satisfactory buying activity. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Traders seem to lack confidence in the future prospects of the domestic PPGI market. Reports about the bankruptcy of many domestic trading companies have further raised the concerns of traders. At present, the bulk of traders are adopting a cautious approach.
On the whole, amid increasingly lower upstream prices and the depressed macroeconomic environment, no significant improvement is expected in the Chinese domestic PPGI market.