During the week ending July 4, average prices in the Chinese domestic hot dip galvanized (HDG) market have risen slightly, 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, ferrous metal futures prices in China and domestic semi-finished steel prices have moved upwards, exerting a positive impact on the local HDG market. Furthermore, the production cuts in Tangshan have provided additional support for HDG prices. However, demand from downstream users has not shown any significant improvement due to the rainy weather conditions. It is thought that HDG prices in the Chinese domestic market will soften 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 |
4,920 |
716 |
↑20 |
Guangzhou |
Angang |
4,700 |
684 |
↑30 |
|||
Boxing |
Angang |
4, 840 |
705 |
↑20 |
|||
Average |
- |
4,820 |
702 |
↑23 |
|||
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
5,390 |
785 |
↑20 |
Guangzhou |
Guofeng |
4,870 |
709 |
↑30 |
|||
Boxing |
Fengming |
4,660 |
678 |
↑70 |
|||
Average |
- |
4,973 |
724 |
↑40 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.87 RMB
