During the week ending November 7, Chinese domestic hot dip galvanized (HDG) prices have been characterized by slight fluctuations, with upticks seen in prices of thick specifications and a very slight softening observed for thin specifications. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
The overall transaction volume in China's domestic HDG market has indicated an improvement in the past week. In the meantime, mills are still operating at high capacity utilization levels, while traders are seeking to keep prices stable in order to protect their profit margins. On the upstream side, increased quotation prices are witnessed in the local hot rolled coil (HRC) market, though transactions are scarce at the higher levels.
It is expected that local Chinese HDG prices will continue to indicate slight fluctuations during the next seven days.