During the week ending November 26, Chinese domestic hot dip galvanized (HDG) prices 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 table below.
During the given week, China has rapidly entered its cold winter season, with many places seeing heavy snowfall, negatively affecting product shipments amid difficult transportation conditions, resulting in stable movement in the HDG market. Meanwhile, demand from downstream users has remained slack against the backdrop of falling temperatures. 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 | 2,490 | 390 | 0 |
Guangzhou | Angang | 3,100 | 485 | 0 | |||
Boxing | Angang | 3,910 | 612 | 0 | |||
Average | - | 3,167 | 496 | 0 | |||
Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Quantong | 2,540 | 397 | 0 |
Guangzhou | Ma steel | 3,400 | 532 | 0 | |||
Boxing | Hengtong | 2,800 | 438 | 0 | |||
Average | - | 2,913 | 456 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.39 RMB