During the week ending May 25, average Chinese domestic hot dip galvanized (HDG) prices have continued to rise, while transaction activity in the overall market has remained at medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, the rising trend of Chinese ferrous metal futures prices and the overall upward movement of the domestic finished steel market have contributed to the increases seen in HDG prices in China. Market sentiment has improved. Against the backdrop of ongoing environmental protection measures impacting steel production, it is thought that HDG prices in the Chinese domestic market will continue to move up 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 | 4,740 | 690 | ↑70 |
Guangzhou | Angang | 4,870 | 709 | ↑70 | |||
Boxing | Angang | 4,430 | 645 | ↑80 | |||
Average | - | 4,680 | 681 | ↑73 | |||
Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Tangsteel | 4,180 | 608 | ↑150 |
Guangzhou | Guofeng | 4,470 | 651 | ↑120 | |||
Boxing | Fengming | 4,120 | 600 | ↑130 | |||
Average | - | 4,257 | 620 | ↑133 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.87 RMB