During the week ending November 28, Chinese domestic hot dip galvanized (HDG) prices have mainly been stable, though with some slight softness also observed. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Demand in the Chinese domestic HDG market is still weak and most traders are choosing to sell off inventories to bring in funds. In terms of traders' purchases, while traders hope that HDG producers will offer discounts, the producers are under pressure from relatively high upstream costs and so discounts are unlikely. It is expected that local Chinese HDG prices will just indicate minor fluctuations in the next seven days.