During the week ending April 26, 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 medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, HDG prices in the Chinese domestic market have moved on a stable trend. Meanwhile, ferrous metal futures prices in China moved upwards during most of the past week, though softening in the past two trading days. It is thought that HDG prices in the Chinese domestic market will continue to 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 | 5,460 | 864 | 0 |
| Guangzhou | Angang | 5,570 | 881 | 0 | |||
| Boxing | Angang | 5,200 | 823 | 0 | |||
| Average | - | 5,410 | 856 | 0 | |||
| Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Tangsteel | 4,930 | 780 | 0 |
| Guangzhou | Guofeng | 5,270 | 834 | 0 | |||
| Boxing | Fengming | 4,950 | 783 | 0 | |||
| Average | - | 5,050 | 799 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.32 RMB