During the week ending July 20, the average prices in the Chinese domestic hot dip galvanized (HDG) market have continued their rising trend, while transaction activity in the market has been at medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, ferrous metals futures prices in China have increased, exerting a positive impact on the HDG market, where optimism generally prevails as regards the prospects for the price trend in the coming period. As prices continue to move up, buyers have been more active in concluding purchases, though some traders have started to be more cautious given the price increases already recorded in the market. It is thought that HDG prices in the Chinese domestic market will likely move up further in the coming week.
|
Product name |
Spec. |
Quality |
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 |
4,870 |
719 |
↑70 |
|
Guangzhou |
Angang |
5,400 |
798 |
↑50 |
|||
|
Boxing |
Angang |
4,760 |
703 |
↑50 |
|||
|
Average |
- |
5,010 |
740 |
↑57 |
|||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
4,520 |
668 |
↑50 |
|
Guangzhou |
Guofeng |
4,800 |
709 |
0 |
|||
|
Boxing |
Fengming |
4,510 |
666 |
↑110 |
|||
|
Average |
- |
4,610 |
681 |
↑53 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.77 RMB