With China's National Day holiday (October 1-7) approaching, prices have not changed significantly in the Chinese HDG market. As traders report, inquiries have increased lately but mostly for niche specifications. On the other hand, due to the recent price uptrend, steel mills have started to resume production, with just a few facilities due to undergo overhauls during the holiday. However, traders also fear that the increase in supplies will have a negative impact on market prices.
In the last few days before the holiday, the Chinese HDG market is expected to show a stable to slightly downward trend.