Stable trend in sluggish Chinese domestic PPGI market

Friday, 15 March 2013 16:20:52 (GMT+3)   |   Shanghai
During the week ending March 15, pre-painted galvanized iron (PPGI) prices have continued their stable trend in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.

While PPGI prices in the Chinese domestic market have generally remained stable, some traders are willing to negotiate on prices. Meanwhile, purchasing activity from downstream users remains quiet. In addition, traders have told SteelOrbis that PPGI outputs in China are increasing, adding to their pessimism on the prospects for the domestic PPGI market in the coming period. It is thought that PPGI prices in the Chinese domestic market will likely move down in the coming week. 

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