During the week ending December 7, average prices in the Chinese domestic hot dip galvanized (HDG) market have continued to move up, while transaction activity in the market has been at medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, the rising trend of other steel products has boosted prices of HDG in Chinese domestic market. However, downstream users’ purchasing activities have been slack, which has curbed the rising momentum in the HDG market. Meanwhile, ferrous metal futures prices in China have softened in the past three trading days, exerting some negative pressure on the HDG market, though inventory levels in the HDG market have decreased, which will support prices. It is thought that HDG prices in the Chinese domestic market will likely 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 |
5,250 |
793 |
↑120 |
Guangzhou |
Angang |
5,500 |
831 |
↑130 |
|||
Boxing |
Angang |
5,400 |
816 |
↑210 |
|||
Average |
- |
5,383 |
813 |
↑153 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,150 |
778 |
↑160 |
Guangzhou |
Guofeng |
5,380 |
813 |
↑180 |
|||
Boxing |
Fengming |
5,150 |
778 |
↑200 |
|||
Average |
- |
5,227 |
790 |
↑180 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.62 RMB
