During the past week, the Chinese hot dip galvanized market maintained its upward trend with a slight increase, while there have also been strong arrivals of new supplies. Meanwhile, inventory pressure and funding issues are starting to affect the upward trend.
| 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 | 5,180 | +37 | 760 | +5 |
| Thin HDG | 0.5 mm x 1,000 mm | SGCC | 5,350 | +7 | 784 | +1 |
In the Shanghai market, new supplies have been coming mostly from Maanshan Steel in Anhui Province, Anben Iron and Steel Group in Liaoning Province and Handan Group in Hebei Province. Private sector color coated sheet producers in Shanghai are fairly active in their purchases of HDG. Meanwhile, in Boxing in Shandong Province, mainly based on the production of medium and small sized steel mills, there has been an active flow of goods to the market. After the Spring Festival holiday, ex-factory HDG prices from MCC Hengtong and Tangshan Guofeng Iron and Steel, both in Hebei Province, have increased. Currently, with the increase in arrivals, inventories have registered a rise. Meanwhile, relative few deals are reported in Tianjin.
Tangshan Guofeng Iron and Steel issued its SPHC price for March at RMB 4,200/mt, up RMB 50/mt month on month. At present, the import price of iron ore has reached $142/mt, increasing costs for mills. Overall, China’s HDG market is expected to move up with fluctuations in the coming period.