Chinese HDG export market tends to remain weak

It is reported that hot dipped galvanized coil export market is very quiet since most people are taking a wait and see attitude.

Domestic market prices speed up its downward correction. On Shanghai market, 1.0mm HDG by Anshan steel is being quoted at CNY 7050 per tonne to CNY 7100 per tonne that for 0.5mm HDG by private steel makers is at CNY 7420 per tonne down by CNY 200 per tonne and CNY 80 per tonne respectively from end July.

Export quotation for 1.0mm HDG Z120 by tier two steel mills is at USD 1115 per tonne FOB to USD 1125 per tonne FOB and lower offers have reached USD 1090 per tonne FOB. There has been few offers and sentiment for imports in quite low in overseas market.

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Chinese HDG export market tends to remain weak