CRC Market Report January 2015

The price of CRC in China’s leading markets decreased faster this month and the market failed to see any improvements with demand from downstream industries shrinking. In addition, support from production costs continued to weaken as prices of raw materials were still on a downward trend.Asian Metal Copyright Therefore, insiders predicted that the price would continue to decline before the holiday and tend to be stable afterwards.Asian Metal Copyright Participants were preparing to take 7-10 days’ holiday for the Spring Festival (on February 19th).Asian Metal CopyrightThe price of CRC in China’s leading markets decreased faster this month and the market failed to see any improvements with demand from downstream industries shrinking.Asian Metal Copyright Therefore, insiders predicted that the price would continue to decline before the holiday and tend to be stable afterwards.