During the week ending April 11, average prices in the Chinese domestic hot dip galvanized (HDG) market have edged up, 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, ferrous metal futures prices in China have increased, while import iron ore prices have also risen, with these factors providing support for domestic HDG prices. However, following the rises in HDG prices, buyers have become more cautious about concluding purchases. Inventories of HDG held by traders are at relatively low levels, which will likely bolster HDG prices. It is expected that domestic HDG prices will fluctuate at current high levels 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 |
4,940 |
735 |
↑40 |
|
Guangzhou |
Angang |
4,790 |
713 |
↑70 |
|||
|
Boxing |
Angang |
4,900 |
729 |
↑30 |
|||
|
Average |
- |
4,877 |
726 |
↑47 |
|||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,410 |
805 |
↑40 |
|
Guangzhou |
Guofeng |
5,030 |
749 |
↑90 |
|||
|
Boxing |
Fengming |
4,750 |
707 |
↑30 |
|||
|
Average |
- |
5,063 |
753 |
↑53 |
13 percent VAT is included in all prices and all prices are ex-warehouse
$1 = 6.72 RMB