CRC Market Report February 2015

The CRC market in China failed to see any improvement in February as there was a long holiday for the Spring Festival (on 19 February) in the middle of the month. Some participants began to leave the market in early February and came back later in the month.Asian Metal Copyright Some participants began to leave the market in early February and came back later in the month.Asian Metal Copyright There was little activity in the market and prices in most regions went down before and after the holiday due to the decreased demand from downstream buyers.Asian Metal Copyright Some participants began to leave the market in early February and came back later in the month.Asian Metal Copyright In view of the fact that demand from buyers is unlikely to release in the short term, insiders predict that the price will come down further in March.