During the week ending June 20, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have indicated upticks for thick specifications, though remaining unchanged for thin specifications, while overall transaction activity has been at low levels. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, some PPGI producers have increased their ex-works prices by RMB 50/mt ($8/mt), in turn stimulating some traders to raise their offer prices. However, most traders hold a pessimistic view of the future prospects for the market as demand from downstream users remains slack, providing little support for PPGI prices. It is thought that PPGI prices in the Chinese domestic market are unlikely to indicate big changes under the current weak market conditions and will mostly fluctuate within a limited range in the coming week.