HGI Coil Market Report February 2015

The HGI coil market performed sluggishly in February as there was a long holiday for the Spring Festival (on 19 February) during the month. Some participants began to leave the market from 10 February onwards and came back to it at the end of the month.Asian Metal CopyrightThe HGI coil market performed sluggishly in February as there was a long holiday for the Spring Festival on 19 February during the month.Asian Metal Copyright The central bank’s reduction in interest rates may release traders’ financial pressure to some degree, but the HGI coil market is unlikely to recover in the absence of firm demand from downstream industries.Asian Metal Copyright The central bank’s reduction in interest rates may release traders’ financial pressure to some degree, but the HGI coil market is unlikely to recover in the absence of firm demand from downstream industries.Asian Metal Copyright Insiders predict that the price of HGI coil will struggle to rebound in March.