Local Chinese HDG market fluctuates very slightly

Thursday, 18 July 2019 16:40:02 (GMT+3)   |   Shanghai
       

During the week ending July 18, average prices in the Chinese domestic hot dip galvanized (HDG) market have fluctuated very slightly, 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, demand for HDG in the domestic market has been slack due to high temperatures during the current offseason. Major Chinese steelmaker Baowu Group has issued its ex-works prices for August shipment, raising its HDG prices by RMB 100/mt ($14.5/mt), thereby exerting a positive impact on the HDG market. It is thought that domestic HDG prices will move on a fluctuating trend 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

4,880

709

0

Guangzhou

Angang

4,630

673

↓10

Boxing

Angang

4,860

706

↑20

Average

-

4,790

696

↑3

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

5,350

778

0

Guangzhou

Guofeng

4,800

698

↓10

Boxing

Fengming

4,680

680

↑20

Average

-

4,943

719

↑3

 

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

$1 = 6.88 RMB


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