Chinese HDG market sees slight declines amid lackluster demand

Thursday, 06 December 2012 17:44:16 (GMT+3)   |   Shanghai
During the week ending December 6, hot dip galvanized (HDG) prices in the Chinese domestic market have indicated slight decreases amid low end-user demand. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section. 

As many traders report, in the last couple of weeks actual buying activity in the Chinese HDG market has slowed down significantly, though the volume of inquiries is still at reasonable levels. In particular, end-user demand for HDG has been decreasing with the approach of the end of the year. Amid pessimistic expectations for the coming year, most buyers have not focused on replenishing HDG stocks for the winter as in the past. As for the coming period, HDG prices in China are expected to be characterized by a soft trend.

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