Monthly CRC and HGI Coil Market Report Nov 2022
2022-12-12 19:11:09 【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
In November, supported by increased prices of raw materials and rising expectation of the demand recovery, CRC and HGI coil average prices in Chinese major regions went up by nearly RMB100/t (USD14/t). The demand from downstream industries did not show obvious signs of picking up yet. Due to the price rise in Chinese domestic but limited demand from overseas buyers, CRC and HGI coil export prices went up by only USD5/t during the time.
In the international market, CRC prices in Malaysia, Vietnam and India as well as HGI coil prices in India continued to decline this month due to the weak demand from downstream industries.
In November, supported by increased prices of raw materials and rising expectation of the demand recovery, CRC and HGI coil average prices in Chinese major regions went up by nearly RMB100/t (USD14/t). The demand from downstream industries did not show obvious signs of picking up yet. Due to the price rise in Chinese domestic but limited demand from overseas buyers, CRC and HGI coil export prices went up by only USD5/t during the time.
In the international market, CRC prices in Malaysia, Vietnam and India as well as HGI coil prices in India continued to decline this month due to the weak demand from downstream industries.
