Traders under pressure in local Chinese PPGI market

During the week ending June 28, pre-painted galvanized iron (PPGI) prices have generally moved sideways in the Chinese domestic market. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
 
At present, Chinese domestic traders are under significant pressure as market prices have lately been lower than ex-mill prices. Accordingly, some traders have been trying to push up their prices.
 
Small private sector PPGI producers are able to achieve better profit margins as compared to the large integrated mills which produce PPGI. In the meantime, export volumes of PPGI products from China have recently increased. As regards the coming period, it is expected that China's domestic PPGI market will remain on a soft trend, while Chinese PPGI materials may continue to see a positive performance in the export markets.