During the week ending August 15, Chinese domestic hot dip galvanized (HDG) prices have been either stable or indicated slight upticks. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Entering into August, domestic prices of 0.17-0.18 mm HDG prices had declined significantly due to slack demand, while prices of HDG of 0.5 mm thickness and above had increased. In the past week, most HDG prices have been stable, though some small price increases have also been observed. While demand levels across the country have been weak, the positive trend seen in the steel futures market has provided support for domestic HDG prices. In the coming week, the movement of Chinese domestic HDG prices is expected to be vary between stability and slight increase.