During the week ending November 22, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have remained on a stable trend, while transaction activity has been on the slack side. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Despite the downticks observed in prices of most flat steel products in the Chinese domestic market in the past week, local PPGI prices have not indicated any softness in the given week, remaining unchanged at low levels following previous decreases. Although demand is slack in the PPGI market, supply is also on the weak side and so traders do need to cut their prices in order to sell products.
In the absence of any significant changes in the market, it is thought that the Chinese domestic PPGI market will continue its stable trend in the coming week