During the week ending November 22, hot dip galvanized (HDG) prices in the Chinese domestic market have indicated slight decreases. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
In the given week, buying activity has been slow in the Chinese HDG market. Most Chinese integrated steel producers have already issued their new price policies for December, mainly announcing upticks in prices. It is widely rumored that in 2013 some domestic steel producers will no longer request customers to give deposits when placing orders. In the meantime, many traders are maintaining a wait-and-see stance until this rumor is confirmed.
It is expected that HDG prices in China will continue to move on a soft trend in the coming seven days.