During the week ending November 8, pre-painted galvanized iron (PPGI) prices in the Chinese domestic market have been mostly stable, though some slight downticks have also been observed. Average PPGI prices in the Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, activity in the Chinese domestic PPGI market has been quiet, while sentiment among traders has been on the cautious side and they generally prefer to maintain a wait-and-see stance. Some mills have been eager to attract orders and so have lowered their PPGI offers by $8/mt, thereby contributing to the softness of some market prices. Amid sluggish demand and reduced construction activity in China, the volume of orders in the market has been low in recent days. It is expected that Chinese domestic PPGI prices will move on a sideways trend in the coming week.