During the week ending December 19, Chinese domestic hot dip galvanized (HDG) prices have mostly been characterized by slight increases. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Overall transaction activity in the Chinese domestic HDG market has remained sluggish in the week in question. Supply shortages in the HDG market have contributed to the upticks in prices. Meanwhile, most traders remain cautious and are only purchasing in line with their needs amid poor demand in the HDG market and the approach of the Chinese Spring Festival holiday. It is expected that local Chinese HDG prices will remain stable or just indicate some minor fluctuations in the next seven days.