Chinese HDG export prices down slightly (go back »)

It is reported that hot dipped galvanized coil exports almost have suspended due to collapse in Chinese domestic market prices and softening of international demand and prices.

Domestic market prices continue to its On Shanghai market, 1.0mm HDG by Anshan steel is being quoted at CNY 6950 per tonne to CNY 6980 per tonne that for 0.5mm HDG by private steel makers is at CNY 7330 per tonne down by CNY 100 per tonne and CNY 90 per tonne respectively from last Thursday.

Prevailing export quotation for 1.0mm HDG Z120 has dropped to USD 1090 per tonne to USD 1100 per tonne FOB and lower offers have reached USD 1080 per tonne FOB. Transaction prices have slipped to USD 1070 per tonne to USD 1080 per tonne FOB.