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