During the week ending January 28, Chinese domestic hot dip galvanized (HDG) prices have continued their stable trend, while overall transaction activity in the market has been at low levels. Average HDG prices in the local Chinese market are presented in the table below.
During the given week, due to the approach of the Chinese New Year holiday (February 8-14), some end-users have left the market early to go on holiday, resulting in shrinking demand for HDG products and low market activity. In the coming week, more end-users and traders will exit the market ahead of the holiday. It is expected that HDG prices in the Chinese domestic market will continue to move on a stable trend in the coming week.
Product name | Spec. | Category | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Thick galvanized coils | 1.0 mm x 1,250 mm x C | SGCC | Shanghai | Angang | 2,730 | 415 | 0 |
Guangzhou | Angang | 3,100 | 471 | 0 | |||
Boxing | Angang | 3,910 | 594 | 0 | |||
Average | - | 3,247 | 493 | 0 | |||
Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Quantong | 2,900 | 441 | 0 |
Guangzhou | Ma steel | 3,400 | 517 | 0 | |||
Boxing | Hengtong | 2,800 | 426 | 0 | |||
Average | - | 3,033 | 461 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.58 RMB