During the week ending June 20, average prices in the Chinese domestic hot dip galvanized (HDG) market have softened, 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, demand for HDG from downstream users in China has been slack as the rainy season has begun in the Yangtze River Delta. However, iron ore prices have moved up in the given week, providing a certain degree of support for HDG prices. It is expected that HDG prices in the Chinese domestic market will move down further 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 |
712 |
↓30 |
Guangzhou |
Angang |
4,660 |
680 |
↓50 |
|||
Boxing |
Angang |
4,780 |
698 |
0 |
|||
Average |
- |
4,773 |
697 |
↓27 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,350 |
781 |
↓30 |
Guangzhou |
Guofeng |
4,830 |
705 |
↓50 |
|||
Boxing |
Fengming |
4,560 |
666 |
0 |
|||
Average |
- |
4,913 |
717 |
↓27 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.85 RMB