During the week ending December 26, Chinese domestic hot dip galvanized (HDG) prices have mostly seen slight increases. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
This week, demand and overall transaction activity in the Chinese domestic HDG market have improved compared to last week. On the one hand, most mills have lowered down their production capacity usage and have gradually started their holidays. On the other hand, some traders have stopped making offers due to low inventories. It is expected that domestic Chinese HDG prices will remain stable or just indicate some minor fluctuations in the coming week.