HGI Coil Market Report October 2011

HGI coil prices in Chinese prevailing markets recorded a downward trend this month with the reason of the weak demand from downstream customers.Asian Metal Copyright Therefore, they chose to move down their offers in order to promote sales and avoid potential losses.Asian Metal Copyright As most customers were not willing to build stocks and the market performed slowly, traders faced a tough situation to collect money to ensure the capital flow.Asian Metal Copyright Considering the unsteady market situation, insiders predict the market is hard to recover in the following month.Asian Metal Copyright Furthermore, seeing most mainstream steel mills lowered their list prices for November production, many traders were unconfident of the coming market.Asian Metal Copyright As most customers were not willing to build stocks and the market performed slowly, traders faced a tough situation to collect money to ensure the capital flow.Asian Metal Copyright Therefore, they chose to move down their offers in order to promote sales and avoid potential losses.Asian Metal Copyright Furthermore, seeing most mainstream steel mills lowered their list prices for November production, many traders were unconfident of the coming market.Asian Metal Copyright Considering the unsteady market situation, insiders predict the market is hard to recover in the following month.

.Asian Metal Copyright Therefore, they chose to move down their offers in order to promote sales and avoid potential lossesAsian Metal Copyright