During the week ending April 12, the Chinese hot dip galvanized (HDG) market has continued to move in an upward direction. Average prices of HDG in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
As market prices of HDG in China continue to climb up, no big changes have been observed in the volume of buying activity. With the weather improving, traders report steady booking activity. In consideration of the current oversupply situation, both traders and end-users are anxious to avoid high inventories and so they remain rather cautious.
For the future, real demand will be decisive in determining the pricing trend. Market players hope that the domestic HDG market in China will maintain its firm price trend, though no large increase is likely in the short term.