Slack activity and low inventory in local Chinese HRC market

During the week ending October 28, hot rolled coil (HRC) prices in the Chinese domestic market have indicated an overall downtrend, while transaction activity has been slack.
 
During the given week, although inventories have been at low levels, traders have come under pressure due to tighter liquidity as the end of the month approaches and have had to lower their sales prices, though no improvement in transaction activity has been observed due to the lower prices. It is expected that HRC prices in the Chinese domestic market will continue to follow a downward movement in the coming week.