During the past week, China's hot dip galvanized (HDG) market has witnessed slight fluctuations amid slowness in both demand and supply. As of May 26, the average HDG prices in the main markets in China are as follows:
Product name |
Specification |
Category |
Average price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Thick HDG |
1.0 mm x 1,250 mm |
SGCC |
5,823 |
+6 |
893 |
+1 |
Thin HDG |
0.5 mm x 1,000 mm |
SGCC |
5,927 |
-6 |
909 |
-1 |
On May 26, the price of SGCC 1.0 mm x 1,250 mm x C HDG is at RMB 5,820/mt ($893/mt), RMB 5,980/mt ($917mt) and at RMB 5,670/mt ($870/mt) in the Shanghai, Guangzhou and Boxing markets respectively. Meanwhile, prices of SGCC 0.5 mm x 1,000 mm x C HDG are at RMB 5,700/mt ($874/mt) in the Shanghai market, RMB 6,450/mt ($989/mt) in Guangzhou and RMB 5,630/mt ($863/mt) in the Boxing market. The above prices include 17 percent VAT (US$1 = RMB 6.52).
In the past week, HDG quotations from traders have varied somewhat, with both increases and decreases seen in the market. Some prices, which were high in the previous period, have dropped by RMB 20-30/mt ($3-4/mt), while some traders with low inventories have raised their prices slightly. In the meantime, the HDG transaction situation has been tepid.
Although prices of HDG have not fallen significantly, they are expected to be negatively affected by the softening observed in the domestic hot rolled coil and medium plate markets.
Generally speaking, Chinese HDG market prices have not changed significantly in the past week, while transaction activity has been on the low side. It is thought that HDG prices in China may fluctuate downwards in the coming week.