Stability in Chinese PPGI prices as market closes for holiday

Friday, 08 February 2013 10:45:35 (GMT+3)   |   Shanghai
During the week ending February 8, pre-painted galvanized iron (PPGI) prices have continued their stable trend in the Chinese domestic market, while traders have already exited the market ahead of the Spring Festival/Chinese New Year holiday. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.

Over the past two weeks, the Chinese PPGI domestic market has maintained a stable trend, amid fairly quiet transaction activity as market players have been unwilling to conclude deals before the long holiday. Overall, a rising trend is expected in the PPGI market after the holiday, though increases could be limited on account of the strong price rises previously witnessed in the Chinese domestic PPGI market.

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