During the week ending May 18, average Chinese domestic hot dip galvanized (HDG) prices have indicated a rising trend, while transaction activity in the overall market has improved and is now at medium levels. Average HDG prices in the local Chinese market are presented in the following table.
During the given week, the rebound in Chinese ferrous metal futures prices and the overall upward movement of the domestic finished steel market have contributed to increases seen in HDG prices in China. Market sentiment has improved, causing transaction activity to increase. It is thought that HRC prices in the Chinese domestic market will likely move sideways in the coming week.
| Spec. | Quality | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) | |
| Product name | |||||||
| Thick galvanized coils | 1.0 mm x 1,250 mm x C | SGCC | Shanghai | Angang | 4,670 | 678 | ↓50 |
| Guangzhou | Angang | 4,800 | 697 | ↑410 | |||
| Boxing | Angang | 4,350 | 631 | 0 | |||
| Average | - | 4,607 | 669 | ↑120 | |||
| Thin galvanized coils | 0.5 mm x 1,000 mm x C | SGCC | Shanghai | Tangsteel | 4,030 | 585 | ↑30 |
| Guangzhou | Guofeng | 4,350 | 631 | ↑100 | |||
| Boxing | Fengming | 3,990 | 579 | 0 | |||
| Average | - | 4,123 | 598 | ↑43 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.89 RMB