In the given period, traders reported that buying activities for HDG in the Chinese market have been just moderate. Meanwhile, the final purchasing managers index (PMI) reading for China released by the HSBC for the month of October reached an eight-month high of 49.5. This indication of increased industrial activity in China is good news for the domestic HDG market.
Based on customs data, in September this year China's HDG exports totaled 431,000 mt, up 84,500 mt or 24.38 percent compared to the previous month, but down 12.28 percent year on year. For the short term, it is expected that HDG prices in China will remain on a stable trend.