During the week ending February 4, Chinese domestic hot dip galvanized (HDG) prices have continued their stable trend, while overall transaction activity in the market is very quiet. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, due to rainy and snowy weather and the impact of the coming Chinese New Year holiday (February 8-14), traders have mostly exited the market to go on their holidays, resulting in slack transaction activities. There have been limited supplies arriving in the market before the holiday. It is expected that HDG prices in the Chinese domestic market will continue to indicate a stable trend 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 |
415 |
0 |
Guangzhou |
Angang |
3,100 |
471 |
0 |
|||
Boxing |
Angang |
3,910 |
594 |
0 |
|||
Average |
- |
3,247 |
493 |
0 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Quantong |
2,900 |
441 |
0 |
Guangzhou |
Ma steel |
3,400 |
517 |
0 |
|||
Boxing |
Hengtong |
2,800 |
426 |
0 |
|||
Average |
- |
3,033 |
461 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.58 RMB