HRC Market Report December 2016

HRC prices went through an up-down trend during the month.Asian Metal Copyright To be more specific, they increased sharply in the first half of the month, boosted by the sharp and sustained increase in raw material prices, alongside prices in the futures market; however, they failed to maintain this upward momentum from the third week of the month onwards, dragged down by prices for raw materials falling back, as well as the dull market.Asian Metal Copyright To be more specific, they increased sharply in the first half of the month, boosted by the sharp and sustained increase in raw material prices, alongside prices in the futures market; however, they failed to maintain this upward momentum from the third week of the month onwards, dragged down by prices for raw materials falling back, as well as the dull market.Asian Metal Copyright To be more specific, they increased sharply in the first half of the month, boosted by the sharp and sustained increase in raw material prices, alongside prices in the futures market; however, they failed to maintain this upward momentum from the third week of the month onwards, dragged down by prices for raw materials falling back, as well as the dull market.Asian Metal Copyright Generally, the market performance this month was worse than in November with the frequent price changes heightening end users’ cautious attitude and most postponing their purchasing plans as a result.Asian Metal Copyright And considering that prices for raw materials had been showing signs of stabilizing with traders holding limited inventories at the end of the month, insiders didn't think the HRC price would go down further in January.Asian Metal Copyright Besides, firm demand was shrinking day by day with the weather getting colder in North China.Asian Metal CopyrightHRC prices went through an up-down trend during the month.Asian Metal Copyright Seeing that output had been reduced as a consequence of the environmental protection inspections, mills were reluctant to cut HRC prices.Asian Metal CopyrightHRC prices went through an up-down trend during the month.Asian Metal Copyright And considering that prices for raw materials had been showing signs of stabilizing with traders holding limited inventories at the end of the month, insiders didn't think the HRC price would go down further in January.
.Asian Metal Copyright Generally, the market performance this month was worse than in November with the frequent price changes heightening end users’ cautious attitude and most postponing their purchasing plans as a resultAsian Metal Copyright