Monthly HRC Market Report Jul 2019

1. Market Highlights

Prices for HRC decreased slightly in major Chinese domestic markets during the month, and the market continued to run slowly. On the one hand, producers were active in lifting HRC EXW prices boosted by higher production costs due to rising prices of raw materials, while on the other hand, complaining shrinking orders for finished products, end users were cautious about building stocks and only purchased according to urgent needs, with wait-and-see attitudes.Asian Metal Copyright1.Asian Metal Copyright Meanwhile, reporting limited sales volumes, traders showed little confidence in the market prospect and were cautious about supplementing inventories.Asian Metal Copyright On the one hand, producers were active in lifting HRC EXW prices boosted by higher production costs due to rising prices of raw materials, while on the other hand, complaining shrinking orders for finished products, end users were cautious about building stocks and only purchased according to urgent needs, with wait-and-see attitudes.Asian Metal Copyright In the meantime, prices for HRC also went down in other Asian markets dragged by the insufficient downstream demand.Asian Metal Copyright On the one hand, producers were active in lifting HRC EXW prices boosted by higher production costs due to rising prices of raw materials, while on the other hand, complaining shrinking orders for finished products, end users were cautious about building stocks and only purchased according to urgent needs, with wait-and-see attitudes.Asian Metal Copyright Insiders foresee another price decrease in August.

.Asian Metal Copyright On the one hand, producers were active in lifting HRC EXW prices boosted by higher production costs due to rising prices of raw materials, while on the other hand, complaining shrinking orders for finished products, end users were cautious about building stocks and only purchased according to urgent needs, with wait-and-see attitudesAsian Metal Copyright