HRC Market Report April 2011
2011-05-05 09:17:26 【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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Chinese domestic HRC market ran steady and the sales performance improved a little compared with that of last month. In first ten days of this month, prices kept the upward trend and HRC traders were eager to raise prices. As Bank of China announced to raise the deposit reserve ratio by another 0.5% from 21st April on 17th April, traders’ capital pressure increased and they moved down prices. With the coming of May Day holiday, prices went up slightly. Currently, end users purchased cautiously and held a wait-and-see attitude. Insiders predict Chinese domestic HRC market will keep steady in May.
