During the week ending March 27, the Chinese domestic hot dip galvanized (HDG) market has mostly indicated stable movement, but with some very slight price decreases also observed. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
In the past week, demand in the Chinese domestic HDG market has improved a little but remains on the sluggish side. As the end of the month is approaching, the need to bring in funds and increase sales volumes has contributed to a slight decline in some quotations, while most traders have kept their offers unchanged. Demand in the market is expected to indicate a better performance in the second quarter, while the market may continue to be influenced by the liquidity issue. It is thought that the Chinese domestic HDG market will follow a sideways trend in the coming week.