CRC Market Report September 2011
2011-10-08 09:43:33 【Print】
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Chinese domestic CRC price moved down for the reason of the weak demand from downstream customers, although the purchase cost ran still high this month
. As most customers were still holding a wait-and-see attitude towards the market and reluctant to make deals in large order quantities, the demand was not sufficient and the market performed slowly . Considering the unsatisfactory sales performance, traders became unconfident of the coming market in spite that the coming month of October was also considered as the traditional high season . However, in view of the high purchase cost, insiders predict Chinese domestic CRC price is unlikely to move down in the following month.