During the week ending February 8, average prices in the Chinese domestic hot dip galvanized (HDG) market have moved on a stable trend, while transaction activity in the market has been at low levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, as the Chinese New Year holiday is drawing closer, many market participants have started to exit the market, resulting in slack activity. Only a few traders are building up inventories this week, while most market participants will be on holiday by the end of this week. It is thought that HDG prices in the Chinese domestic market will move on a stable 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 |
5,080 |
804 |
0 |
Guangzhou |
Angang |
5,580 |
883 |
0 |
|||
Boxing |
Angang |
5,280 |
835 |
0 |
|||
Average |
- |
5,313 |
841 |
0 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
4,830 |
764 |
0 |
Guangzhou |
Guofeng |
5,180 |
820 |
0 |
|||
Boxing |
Fengming |
5,030 |
796 |
0 |
|||
Average |
- |
5,013 |
793 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.32