Local Chinese HDG prices edge up slightly

Thursday, 31 January 2019 14:31:55 (GMT+3)   |   Shanghai
       

During the week ending January 31, average prices in the Chinese domestic hot dip galvanized (HDG) market have edged up slightly, 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, import iron ore prices have risen significantly due to the dam collapse in Brazil, providing support for HDG offer prices. However, demand for HDG has been slacker due to the approach of the Chinese New Year holiday (February 2-10). It is expected 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

4,730

705

↑20

Guangzhou

Angang

4,340

647

0

Boxing

Angang

4,880

727

0

Average

-

4,650

693

↑7

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

5,170

770

↑20

Guangzhou

Guofeng

4,560

680

0

Boxing

Fengming

4,630

690

0

Average

-

4,787

713

↑7


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

$1 = 6.71 RMB


Most Recent Related Articles

Turkish domestic wire rod prices firm up on back of scrap uptrend

Local Indian rebar prices up amid higher costs despite slow stock movement

Local Turkish scrap purchase prices increase further

H-beam prices in local Chinese market - week 8

Japan's domestic steel consumption down 7.4 percent in 2019