Monthly HRC Market Report Apr 2018
2018-05-03 18:13:54 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Prices for HRC rebounded by RMB200-300/t (USD32-48/t) in major Chinese domestic markets during the month boosted by significant prices increase in the steel futures market as well as those of raw materials. Meanwhile, the market inventory decreased quickly since end users began to place orders actively seeing the upward price trend. However, most traders were not so confident of the market prospect after Mid-May and worried about a price decline by then when new materials would arrive intensively. Major producers such as Baosteel, WISCO, HBIS, Ansteel and Bengang Steel all maintained HRC list prices for May production flat, with wait-and-see attitudes. Insiders foresee a further price rise in May.
Prices for HRC rebounded by RMB200-300/t (USD32-48/t) in major Chinese domestic markets during the month boosted by significant prices increase in the steel futures market as well as those of raw materials. Meanwhile, the market inventory decreased quickly since end users began to place orders actively seeing the upward price trend. However, most traders were not so confident of the market prospect after Mid-May and worried about a price decline by then when new materials would arrive intensively. Major producers such as Baosteel, WISCO, HBIS, Ansteel and Bengang Steel all maintained HRC list prices for May production flat, with wait-and-see attitudes. Insiders foresee a further price rise in May.
