Monthly HRC & Steel Plate Market Report Dec 2020
2021-01-05 13:44:11 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
The domestic HRC and steel plate market performance kept recovering in the first half of the month, and prices continued the upward trend. Traders and end users purchased steadily, and most participants showed positive anticipation for the market prospect seeing the continuous price increase. Besides, the better export market performance also strengthened market participants' confidence to some extent. In addition, the demand from downstream industries remained relatively sufficient. Leading producers lifted HRC EXW prices for next January production by around RMB1,000/t (USD155/t) boosted by the higher production costs. However, the market turned to dim from the middle of the month as prices witnessed sudden soar and continuous decline. End users became cautious about purchasing seeing frequent fluctuation and traders were a little bit confused about the market prospect.
In the meantime, prices of HRC and steel plate went up dramatically in other Asian markets during the month. Supported by higher purchasing costs, traders raised prices actively. Besides, the market performance kept improving with the downstream demand getting stronger gradually.
The domestic HRC and steel plate market performance kept recovering in the first half of the month, and prices continued the upward trend. Traders and end users purchased steadily, and most participants showed positive anticipation for the market prospect seeing the continuous price increase. Besides, the better export market performance also strengthened market participants' confidence to some extent. In addition, the demand from downstream industries remained relatively sufficient. Leading producers lifted HRC EXW prices for next January production by around RMB1,000/t (USD155/t) boosted by the higher production costs. However, the market turned to dim from the middle of the month as prices witnessed sudden soar and continuous decline. End users became cautious about purchasing seeing frequent fluctuation and traders were a little bit confused about the market prospect.
In the meantime, prices of HRC and steel plate went up dramatically in other Asian markets during the month. Supported by higher purchasing costs, traders raised prices actively. Besides, the market performance kept improving with the downstream demand getting stronger gradually.
