During the week ending Feb 9, 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, transaction activity in the Chinese domestic hot dip galvanized (HDG) market has been very quiet. Many traders are not back in the market yet, with their absence contributing to the stable trend of prices. Market demand is expected to improve after the Lantern Festival (February 11). However, with rising inventory levels in the spot market, HDG prices in the Chinese domestic market are expected to face some downward pressure. It is thought that in the coming week HDG prices in the Chinese domestic market will either continue their stable trend or may fluctuate on a slight downtrend.
| 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 | 777 | 0 |
| Guangzhou | Angang | 4,990 | 727 | 0 | |||
| Boxing | Angang | 4,760 | 694 | 0 | |||
| Average | - | 5,026 | 733 | 0 | |||
| Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Tangsteel | 4,830 | 704 | 0 |
| Guangzhou | Guofeng | 4,920 | 717 | 0 | |||
| Boxing | Fengming | 4,440 | 647 | 0 | |||
| Average | - | 4,730 | 690 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.86 RMB