During the week ending October 31, Chinese domestic hot dip galvanized (HDG) prices have continued to decrease. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Amid the passive sentiment in the market and slack booking activity, HDG prices have maintained their slight downtrend in the Chinese domestic market. On the one hand, local mills have kept their outputs stable while the volumes being purchased in the market have declined. On the other hand, the lack of liquidity in the market has also put pressure on HDG prices.
It is expected that local Chinese HDG prices will remain on a weak trend during the next seven days.