During the week ending August 1, average prices in the Chinese domestic hot dip galvanized (HDG) market have moved up 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, very hot weather conditions in China have continued to curb demand for HDG, while the high prices of iron ore have bolstered HDG prices to some extent. Meanwhile, market participants expect to see some improvement in August as it is a transitional period in the finished steel market from the offseason towards the peak season. It is expected that HDG prices in the Chinese domestic market will fluctuate within a limited range 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 |
707 |
0 |
Guangzhou |
Angang |
4,620 |
670 |
0 |
|||
Boxing |
Angang |
4,860 |
704 |
↑20 |
|||
Average |
- |
4,787 |
694 |
↑7 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,350 |
775 |
0 |
Guangzhou |
Guofeng |
4,790 |
694 |
0 |
|||
Boxing |
Fengming |
4,680 |
678 |
↑20 |
|||
Average |
- |
4,940 |
716 |
↑7 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90