During the week ending March 7, average prices in the Chinese domestic hot dip galvanized (HDG) market have moved up, while transaction activity in the market has been at medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, demand has recovered to normal levels, boosting HDG prices in the domestic spot market. HDG inventories have decreased slightly, which will also bolster HDG prices. It is expected that HDG prices in the Chinese domestic market will move up further 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 |
727 |
↑40 |
Guangzhou |
Angang |
4,610 |
687 |
↑70 |
|||
Boxing |
Angang |
4,750 |
708 |
0 |
|||
Average |
- |
4,747 |
707 |
↑37 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,320 |
793 |
↑40 |
Guangzhou |
Guofeng |
4,830 |
720 |
↑70 |
|||
Boxing |
Fengming |
4,600 |
686 |
↑40 |
|||
Average |
- |
4,917 |
733 |
↑50 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.71 RMB