Local Chinese HDG market moves down slightly

Thursday, 25 July 2019 14:53:47 (GMT+3)   |   Shanghai
       

During the week ending July 25, average prices in the Chinese domestic hot dip galvanized (HDG) market have edged down 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, though Chinese HDG producers have cut their production outputs to some extent due to environmental protection measures, the slack demand from downstream users has resulted in increased inventory levels of HDG. Meanwhile, the current hot weather will continue to exert a negative impact on demand for HDG in China. It is thought that HDG prices in the Chinese domestic market will move on a soft trend 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

710

0

Guangzhou

Angang

4,620

672

↓10

Boxing

Angang

4,840

705

↓20

Average

-

4,780

696

↓10

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

5,350

779

0

Guangzhou

Guofeng

4,790

697

↓10

Boxing

Fengming

4,660

678

↓20

Average

-

4,933

718

↓10

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

$1 = RMB 6.87


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