During the week ending March 16, average Chinese domestic hot dip galvanized (HDG) prices have risen slightly, while overall transaction activity in the market has been at medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, domestic hot dip galvanized (HDG) prices have indicated a slight rising trend, while transaction activity has improved compared to the previous week and is now at medium levels. Ferrous metal futures prices in China have also been increasing, contributing to the bullish sentiment in the domestic steel markets. Meanwhile, steelmakers' ex-works prices for HDG next month will likely remain stable and will provide some support for domestic HDG prices in the market. It is thought that HDG prices in the Chinese domestic market will likely edge up slightly 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 | 772 | ↓20 |
Guangzhou | Angang | 5,140 | 745 | ↑10 | |||
Boxing | Angang | 4,960 | 719 | ↑30 | |||
Average | - | 5,143 | 745 | ↑7 | |||
Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Tangsteel | 4,670 | 677 | 0 |
Guangzhou | Guofeng | 4,980 | 722 | ↑30 | |||
Boxing | Fengming | 4,660 | 675 | ↑10 | |||
Average | - | 4,770 | 691 | ↑13 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.90 RMB