HRC Market Report September 2012
2012-10-10 08:59:19 【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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After the significant price plummet in July and August, Chinese domestic HRC prices started to be stable in the middle of last month. At the same time, National Reform and Development Committee approved lots of transportation projects. Besides, the third round of quantitative easing presented by the Federal Reserve stimulated investors’ confidence in the market. Price increase in futures market improved the prices in spot market accordingly. At the end of the month, some end users purchased in larger quantities to prepare for normal production during the National Holiday. Thus, the trading volume hiked little than that of last month and traders’ financial pressure was eased to some extent. The price upward trend this month makes a good start point for the following month. However, insiders deem that the price increasing trend is hard to continue in the following month and the possibility for a stable market is high.
