During the week ending February 20, Chinese domestic hot dip galvanized (HDG) prices have generally followed a sideways trend. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, overall transaction activity in the Chinese domestic HDG market has been sluggish and this has prevented any upward movement of prices. While the market has generally been following a stable trend, some traders have been willing to negotiate on their offer prices in order to stimulate sales, especially for materials produced by the smaller private sector mills. Many new supplies of HDG have arrived in the market recently, resulting in increased inventories. For the coming week, it is expected that Chinese domestic HDG prices will mainly continue their sideways movement.