During the week ending March 21, average prices in the Chinese domestic hot dip galvanized (HDG) market have edged up by a slight margin, 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, following the rises in HDG prices, downstream users have been less willing to accept current price levels. Traders in the HDG market are cautious as regards the future prospects for the market. It is expected that HDG prices in the Chinese domestic market will 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 |
4,880 |
729 |
↓10 |
|
Guangzhou |
Angang |
4,660 |
697 |
↑50 |
|||
|
Boxing |
Angang |
4,810 |
719 |
↑10 |
|||
|
Average |
- |
4,794 |
717 |
↑17 |
|||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,350 |
800 |
↑20 |
|
Guangzhou |
Guofeng |
4,880 |
729 |
↑50 |
|||
|
Boxing |
Fengming |
4,660 |
697 |
↑10 |
|||
|
Average |
- |
4,964 |
742 |
↑27 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.69 RMB