CRC Market Report May 2015
2015-06-03 14:40:40 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
The price of CRC in China’s major markets continued to decline in May, influenced by the stagnant demand from downstream industries. During the month, prices of steel raw materials showed some signs of rebounding, which meant that most steel mills were able to avoid cutting ex-works prices for June production. Buoyed by this, the price mark-down for CRC in some regions was narrower than last month. Taking all factors into consideration, insiders predict that CRC prices will come down further in June but the mark-down will be narrowed.
