Strip Market Report October 2013
2013-11-01 09:07:44 【Print】
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Prices of HR strip decreased slightly this month, and the market transaction remained flat
. In the first ten-day period of a month, the market was quiet affected by the 7-day National day holiday . Meanwhile, the market got worse after that and prices decreased continuously . Traders did not have large inventories to avoid risks, and the society market stock ran at a low level . The demand from downstream industries was quite soft, thus all traders held a cautious attitude towards the coming market . Since the Third Plenary Session will be held next month and some participants think there will be some positive policies, the price in futures market and spot market showed a slightly upward trend at the end of the month . In view of that, insiders deem that the price is likely to go up slightly in the following month and the market in the first half of the month will be better that that in the late second half of the month.