Local Chinese HDG market moves on stable trend

Thursday, 14 January 2016 11:19:49 (GMT+3)   |   Shanghai
       

During the week ending January 14, Chinese domestic hot dip galvanized (HDG) prices have indicated a stable 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, following previous increases in local HDG prices, the upward trend in the market has lost momentum and prices have started to move sideways. In addition, there is expected to be less support for HDG prices from domestic HRC and CRC prices in the coming period. At the same time, iron ore prices have softened, weakening support for HDG prices from the cost side. Against the backdrop of the approach of China’s New Year holiday, traders will likely keep their HDG offer prices stable as demand gradually becomes more sluggish. It is thought that HDG prices in the Chinese domestic market will likely move sideways 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

2,730

414

0

Guangzhou

Angang

3,100

470

0

Boxing

Angang

3,910

593

0

Average

-

3,247

493

0

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Quantong

2,900

440

0

Guangzhou

Ma steel

3,400

516

0

Boxing

Hengtong

2,800

425

0

Average

-

3,033

460

0

 
17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = 6.59 RMB 


Similar articles

CRC and HDG prices drop further in Europe, fail to hit bottom as outlook still negative

29 Mar | Flats and Slab

Global View on HRC: Weaker mood and prices as China becomes bearish again

29 Mar | Flats and Slab

Ussuri Capital to build low-carbon emissions flats plant in Romania

29 Mar | Steel News

Chinese domestic PPGI prices indicate slight declines

29 Mar | Flats and Slab

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Flats and Slab

Mexican steel plate consumption decreases 4.1 percent in January

28 Mar | Steel News

US ITC votes to maintain AD order on clad steel plate imports from Japan

28 Mar | Steel News

US HDG imports up 10.6 percent in February

28 Mar | Steel News