During the week ending July 16, Chinese domestic hot dip galvanized (HDG) prices have moved on a stable trend, while overall transaction activity in the market has remained at low levels. Average HDG prices in the local Chinese market are presented in the following table.
The rainy season in China has been followed by hot weather conditions, which have contributed to the ongoing sluggish demand for HDG in the country. Traders lack confidence in the future prospects for the market, though they have kept their prices stable due to their relatively low inventory levels. It is thought that HDG prices in the Chinese domestic market will likely continue their 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 | 3,080 | 496 | 0 |
| Guangzhou | Angang | 3,600 | 580 | 0 | |||
| Boxing | Angang | 3,930 | 633 | 0 | |||
| Average | - | 3,537 | 570 | 0 | |||
| Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Quantong | 3,150 | 507 | 0 |
| Guangzhou | Ma steel | 3,600 | 580 | 0 | |||
| Boxing | Hengtong | 3,200 | 515 | 0 | |||
| Average | - | 3,317 | 534 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21