During the week ending February 22, 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 low levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given period, domestic HDG prices have moved on a stable trend as most market participants have not yet returned to the market. Inventory levels in the HDG market have increased during the Chinese New Year holiday, while transaction activities are not expected to resume fully until late next week. It is thought that HDG prices in the Chinese domestic market will continue their stable trend or edge up slightly 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 |
5,080 |
799 |
0 |
|
|
Guangzhou |
Angang |
5,580 |
877 |
0 |
||||
|
Boxing |
Angang |
5,280 |
830 |
0 |
||||
|
Average |
- |
5,313 |
835 |
0 |
||||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
4,830 |
759 |
0 |
|
|
Guangzhou |
Guofeng |
5,180 |
814 |
0 |
||||
|
Boxing |
Fengming |
5,030 |
791 |
0 |
||||
|
Average |
- |
5,013 |
788 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.36