Local Chinese HDG market edges up slightly

Thursday, 24 August 2017 14:40:50 (GMT+3)   |   Shanghai
       

During the week ending August 24, the average prices in the Chinese domestic hot dip galvanized (HDG) market have edged up further though by a very small margin, while transaction activity in the market has been at low-to-medium levels. Average HDG prices in the local Chinese market are presented in the following table.

During the given week, ferrous metal futures prices in China have increased, exerting a positive impact on the trend of the HDG spot market. However, downstream users have been unwilling to accept the higher offer prices of HDG, resulting in slacker transaction activity in the market. It is thought that HDG prices in the Chinese domestic market will move sideways in the coming week.

 

Product name

Spec.

Quality

City

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Thick galvanized coils

1.0 mm x 1,250 mm x C

SGCC

Shanghai

Angang

5,130

770

↑10

Guangzhou

Angang

5,600

841

↓20

Boxing

Angang

5,090

764

↑30

Average

-

5,273

792

↑7

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

4,890

734

0

Guangzhou

Guofeng

5,100

766

0

Boxing

Fengming

4,840

727

↑30

Average

-

4,943

742

↑10

 

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = 6.66 RMB


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab