During the week ending February 21, 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-to-medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, HDG producers and traders have gradually come back to the market after the holiday, while transaction activity has been at low-to-medium levels. Although demand is expected to be better in the near future, widespread rainy conditions in China will exert a negative impact on the release of demand. Accordingly, most traders are waiting to gain a clearer picture of the likely market trend. 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 |
4,790 |
713 |
↑40 |
|
Guangzhou |
Angang |
4,470 |
665 |
↑80 |
|||
|
Boxing |
Angang |
4,830 |
719 |
↓50 |
|||
|
Average |
- |
4,697 |
699 |
↑23 |
|||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,230 |
778 |
↑40 |
|
Guangzhou |
Guofeng |
4,690 |
698 |
↑80 |
|||
|
Boxing |
Fengming |
4,630 |
689 |
↓50 |
|||
|
Average |
- |
4,850 |
722 |
↑23 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.72 RMB