Chinese CRC market moves sideways before holiday

Wednesday, 18 January 2012 15:36:42 (GMT+3)   |  
In the past week, the Chinese cold rolled coil (CRC) market has remained stable amid poor transaction activity. Average prices in the Chinese CRC market can be viewed in the SteelOrbis price reports section.

In the Chinese CRC market, most traders have withdrawn from the market early ahead of next week's Spring Festival holiday, while others are trying to conclude further business before the break. Some traders state that they are not actively trying to sell CRC materials, but will conclude transactions if buyers need material. New CRC supplies have been arriving in the market lately, and these may place some pressure on the price trend in the coming period.

It is expected that the Chinese CRC market will maintain its stable trend in the days before the Spring Festival.

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