HRC Market Report September 2016
2016-10-09 16:46:09 【Print】
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The performance of the HRC market in China remained unsatisfactory during the month, in line with the nationwide downward price trend – even though it was “Golden September”
. Most participants showed no confidence in the market outlook, in light of decreasing raw material prices . In the meantime, the frequent price fluctuations in the futures market also meant market participants’ cautious attitude concerning the market prospects was considerably heightened . Lacking any confidence in the market outlook, traders refused to build large stockpiles and simply supplemented inventories according to urgent needs . Insiders do not think the HRC price will rebound in the near future.