During the week ending November 14, Chinese domestic hot dip galvanized (HDG) prices have mainly been stable, though with some slight softness also observed. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
At present, negative factors in the Chinese domestic HDG market include weak demand, insufficient funds and high inventories. At the same time, market prices are already at low levels, while Baosteel's unchanged prices for December delivery have contributed to the stability of HDG prices in the domestic market. Overall, most traders have a negative view of the prospects for the local HDG market in the coming period. It is expected that local Chinese HDG prices will just indicate minor fluctuations in the next seven days.