During the week ending April 21, Chinese domestic hot dip galvanized (HDG) prices have have continued their rising trend, while overall transaction activity in the market has been at decent levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, since bullish sentiment prevails in the ferrous metal markets, with finished steel prices indicating significant rising trends in the spot and futures markets in China, domestic HDG prices have also indicated a sharp rising trend. Most market participants express confidence as regards the future prospects for the HDG market. It is thought that HDG prices in the Chinese domestic market will likely continue their uptrend 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 | 4,600 | 711 | ↑340 |
| Guangzhou | Angang | 4,550 | 703 | ↑250 | |||
| Boxing | Angang | 3,910 | 604 | 0 | |||
| Average | - | 4,354 | 673 | ↑197 | |||
| Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Quantong | 4,100 | 634 | ↑200 |
| Guangzhou | Ma steel | 4,300 | 665 | ↑100 | |||
| Boxing | Hengtong | 3,550 | 549 | ↑50 | |||
| Average | - | 3,984 | 616 | ↑108 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.47 RMB