Monthly HRC Market Report May 2018
2018-06-01 08:52:45 【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 continued to increase by RMB150-200/t (USD23-31/t) in major Chinese domestic markets during the month supported by the overall low stockpile as well as prices rises of raw materials. The sales performance was satisfactory in the first half of the month since end users were active in placing orders stimulated by the upward price trend, but it turned to be unsatisfactory gradually in the second half influenced by the decreasing signal. Meanwhile, both traders and mills were not so confident of the market prospect in June seeing the downstream demand will shrink caused by the high temperature and continuous rains. Insiders foresee a slight price decline of HRC next month.
Prices for HRC continued to increase by RMB150-200/t (USD23-31/t) in major Chinese domestic markets during the month supported by the overall low stockpile as well as prices rises of raw materials. The sales performance was satisfactory in the first half of the month since end users were active in placing orders stimulated by the upward price trend, but it turned to be unsatisfactory gradually in the second half influenced by the decreasing signal. Meanwhile, both traders and mills were not so confident of the market prospect in June seeing the downstream demand will shrink caused by the high temperature and continuous rains. Insiders foresee a slight price decline of HRC next month.
