Stable trend in Chinese PPGI market amid slow activity

Following the previous soft trend seen in the Chinese PPGI market, traders are becoming more and more concerned about the slowdown in market activity. In spite of the increased new arrivals in the market, the imbalance between supply and demand has not yet been significantly exacerbated. Most deals have been at the lower end of the market price range. So far during the traditionally weak winter season, demand has decreased considerably, and so PPGI traders have started to deplete their stocks rather than maintaining a wait-and-see stance. As for the future market, it is expected that PPGI prices in China will trend either sideways or downward.