During the week ending February 27, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have continued to indicate a stable trend, while overall transaction activity has remained poor. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Local PPGI traders in China have kept their prices unchanged upon their return from the Spring Festival holiday (Feb. 18-24). Inventory levels of PPGI in the domestic market have risen since the start of the holiday period, contributing to bearish sentiment among market participants. As for the coming week, it is expected that PPGI prices in the Chinese domestic market will continue to move on a stable trend.