Iron Market Report November 2012

Cast iron and S.Asian Metal Copyright Cast iron market is expected to decrease steadily in December by RMB50-100t.Asian Metal CopyrightG.Asian Metal CopyrightCast iron and S.Asian Metal Copyright cast iron prices increased significantly in early and mid November as traders looked forward to the favorable news after the 18th NPC with increased coke prices driven by limited coal production; downstream traders purchased actively with the mentality of buying at high prices rather than at low prices; inventories decreased significantly from iron plants and some plants have not delivered for previous orders; south China market remained sluggish with flat deals and some traders held stable offers with actual transaction prices to be discussed.Asian Metal CopyrightG.Asian Metal Copyright Traders felt disappointed without any favorable news after the 18th NPC in late November, added by weakened iron ore fines market and stable coke prices without support from costs and iron plants slowed down their movements, so values in some areas decreased slightly. Cast iron market is expected to decrease steadily in December by RMB50-100/t.Asian Metal Copyright cast iron prices increased significantly in early and mid November as traders looked forward to the favorable news after the 18th NPC with increased coke prices driven by limited coal production; downstream traders purchased actively with the mentality of buying at high prices rather than at low prices; inventories decreased significantly from iron plants and some plants have not delivered for previous orders; south China market remained sluggish with flat deals and some traders held stable offers with actual transaction prices to be discussed.Asian Metal Copyright