During the week ending March 14, average prices in the Chinese domestic hot dip galvanized (HDG) market have moved up slightly, while transaction activity in the overall market has improved and is now at decent levels.. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, domestic hot dip galvanized (HDG) prices have edged upwards. Overall inventories of hot dip galvanized (HDG) are at lower levels compare to the previous week and have exerted a positive impact on prices in the spot market. In the meantime, market sentiment has improved, causing transaction activity to increase to decent levels. It is thought that HDG prices in the Chinese domestic market will likely continue their upward trend n 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 |
4,890 |
727 |
↑10 |
|
Guangzhou |
Angang |
4,610 |
685 |
0 |
|||
|
Boxing |
Angang |
4,800 |
713 |
↑50 |
|||
|
Average |
- |
4,777 |
710 |
↑20 |
|||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,330 |
792 |
↑10 |
|
Guangzhou |
Guofeng |
4,830 |
718 |
0 |
|||
|
Boxing |
Fengming |
4,650 |
691 |
↑50 |
|||
|
Average |
- |
4,937 |
734 |
↑20 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.73 RMB