During the week ending July 25, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have continued their stable trend for the fifth consecutive week, while overall transaction activity has remained at low levels. Average PPGI prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, due to hot weather conditions, large traders have on average sold less than 300 mt of PPGI, while medium-sized and small traders have experienced slacker transaction activity. Some PPGI traders have stated that these sluggish market conditions will not change until September. It is expected that PPGI prices in the Chinese domestic market will remain on their stable trend in the coming week.