HGI Coil Market Report December 2011
2012-01-05 08:45:28 【Print】
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HGI coil prices in Chinese prevailing markets experienced a downward trend this month for the reason of downstream customers’ weak demand
. Most downstream customers were reluctant to build large stocks seeing downstream industries were in a recession . Therefore, the demand was not sufficient which led to a sluggish market . At the same time, many traders needed to collect money to ensure their capital flow and pay back loans to banks on time . Consequently, traders were eager to make deals by means of a lower price . Considering the most important Chinese Spring Festival is coming with a 7-day holiday in January, insiders predict the market is hard to improve in the following month.