During the week ending January 19, the average prices of Chinese domestic hot dip galvanized (HDG) have indicated a stable trend, while overall transaction activity in the market has been at low levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, some traders have exited the market ahead of the Chinese New Year holiday (January 27-February 2), contributing to the slackness of transaction activity. 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 move on a stable trend 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 | 5,330 | 776 | 0 |
| Guangzhou | Angang | 4,990 | 726 | 0 | |||
| Boxing | Angang | 4,760 | 693 | 0 | |||
| Average | - | 5,026 | 732 | 0 | |||
| Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Tangsteel | 4,830 | 703 | 0 |
| Guangzhou | Guofeng | 4,920 | 716 | 0 | |||
| Boxing | Fengming | 4,440 | 646 | 0 | |||
| Average | - | 4,730 | 689 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.87 RMB