In the Chinese HDG market, offer prices have indicated some variation. Some traders have raised their sales prices due to a shortage of certain materials. Others with higher inventories have cut prices in order to attract demand and increase shipments. Traders state that purchases from the downstream side do not appear to be influenced by fluctuations in price, with market activity remaining slack. Most traders express the view that weak demand is the main factor preventing prices from recording more significant increases.
Caught between costs and insufficient downstream demand, the HDG market in China is not expected to see any strong price movements in the coming week.