Local Chinese HDG market continues its upward movement

Thursday, 27 July 2017 15:06:51 (GMT+3)   |   Shanghai
       

During the week ending July 27, the average prices in the Chinese domestic hot dip galvanized (HDG) market have continued to rise, 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, following declines in the previous week ferrous metals futures prices in China have rebounded again, exerting a positive impact on the local HDG market, with traders increasing their HDG offer prices. At the same time, however, hot weather conditions have continued to be observed in the country, negatively affecting the HDG market. It is thought that HDG prices in the Chinese domestic market will 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

4,880

724

↑10

Guangzhou

Angang

5,400

801

0

Boxing

Angang

4,840

718

↑80

Average

-

5,040

748

↑30

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

4,520

671

0

Guangzhou

Guofeng

4,800

712

0

Boxing

Fengming

4,590

681

↑80

Average

-

4,637

688

↑27

 17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = 6.74 RMB


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