Monthly HRC Market Report Jan 2019
2019-02-12 09:06:28 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Prices for HRC continued to go up in most Chinese domestic markets during the month boosted by significant prices increases of steel raw materials. Leading producers such as Baowu Group, HBIS, Ansteel and Bengang Steel either maintained HRC list prices for February production firm or raised them slightly, strengthening market participants' confidence to some extent. Traders adopted cautiously optimistic attitudes towards the market prospect, while end users only purchased according to urgent needs. The market performance showed signs of improving following the price increase from the second week of the month. Meanwhile, prices for HRC either decreased or kept narrowly stable in other Asian markets. Considering the overall market inventory runs on a low level, insiders think that the price for HRC will keep rising in February.
Prices for HRC continued to go up in most Chinese domestic markets during the month boosted by significant prices increases of steel raw materials. Leading producers such as Baowu Group, HBIS, Ansteel and Bengang Steel either maintained HRC list prices for February production firm or raised them slightly, strengthening market participants' confidence to some extent. Traders adopted cautiously optimistic attitudes towards the market prospect, while end users only purchased according to urgent needs. The market performance showed signs of improving following the price increase from the second week of the month. Meanwhile, prices for HRC either decreased or kept narrowly stable in other Asian markets. Considering the overall market inventory runs on a low level, insiders think that the price for HRC will keep rising in February.
