Monthly HRC Market Report Jun 2018
2018-07-03 18:03:45 【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
Generally speaking, prices for HRC did not change obviously during the month. The downstream demand shrank obviously influenced by the high temperature as well as continuous rains, and purchasing activities from end users reduced from the third week of the month since the escalation of the trade war between the United States and China weakened end users' confidence in the market outlook and they were inactive in placing large orders, for fear of a further price decline. Though traders held low inventories, they were not so confident of the market prospect seeing the poor sales performance. However, mills were active in producing boosted by the high profit of RMB1,000/t (USD151/t). Insiders think that prices for HRC may go down nationwide in July.
Generally speaking, prices for HRC did not change obviously during the month. The downstream demand shrank obviously influenced by the high temperature as well as continuous rains, and purchasing activities from end users reduced from the third week of the month since the escalation of the trade war between the United States and China weakened end users' confidence in the market outlook and they were inactive in placing large orders, for fear of a further price decline. Though traders held low inventories, they were not so confident of the market prospect seeing the poor sales performance. However, mills were active in producing boosted by the high profit of RMB1,000/t (USD151/t). Insiders think that prices for HRC may go down nationwide in July.
