This week, the Chinese pre-painted galvanized iron (PPGI) market has continued its stable trend of the previous week. Average PPGI prices in the main Chinese markets can be viewed in the SteelOrbis price reports section.
Some new supplies have arrived in the Chinese PPGI market in the past week, relieving the shortage of Baosteel production PPGI materials in the market. Nevertheless, these supplies have not been in large volumes and so market prices have generally not softened. Some traders seeking to sell off PPGI materials have reduced their actual transaction prices by RMB 20/mt ($3/mt). Approaching the Spring Festival, many steel mills report weak transaction activity.
Summing up, it is expected the Chinese PPGI market will remain stable in the week ahead.