Local Chinese HDG prices move up further  

Thursday, 14 December 2017 14:26:59 (GMT+3)   |   Shanghai
       

During the week ending December 14, average prices in the Chinese domestic hot dip galvanized (HDG) market have continued to rise, 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, domestic HDG prices have moved upwards amid tight supply in the spot market. However, with prices increasing, market participants have started to adopt a wait-and-see stance. 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

794

0

Guangzhou

Angang

5,750

870

250

Boxing

Angang

5,430

821

30

Average

-

5,476

828

93

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

5,150

779

0

Guangzhou

Guofeng

5,480

829

100

Boxing

Fengming

5,180

784

30

Average

-

5,270

797

43

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = 6.61 RMB

  


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