During the week ending May 17, average prices in the Chinese domestic hot dip galvanized (HDG) market have moved on a stable trend, 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, inventories in the HDG market have been at relatively low levels, providing support for HDG prices. However, at the same time downstream users have mostly maintained a wait-and-see stance towards concluding purchases, resulting in low-to-medium levels of transaction activity in the market. 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) |
Change |
|
Thick galvanized coils |
1.0 mm x 1,250 mm x C |
SGCC |
Shanghai |
Angang |
5,460 |
857 |
0 |
|
Guangzhou |
Angang |
5,540 |
870 |
0 |
|||
|
Boxing |
Angang |
5,200 |
816 |
0 |
|||
|
Average |
- |
5,400 |
848 |
0 |
|||
|
Thin galvanized coils |
0.5 mm x 1,000 mm x C |
SGCC |
Shanghai |
Tangsteel |
4,880 |
766 |
0 |
|
Guangzhou |
Guofeng |
5,310 |
834 |
0 |
|||
|
Boxing |
Fengming |
4,950 |
777 |
0 |
|||
|
Average |
- |
5,046 |
792 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.37 RMB