In the given week, demand in China's domestic HDG market has been weak. Entering July, many downstream manufacturers have decreased their purchase volumes in line with the traditional low season. The transacted HDG tonnages of big traders have averaged at 200-300 mt per day over the past week.
As traders report, the volume of inquiries from end-users for HDG products has recently decreased, while differences in sales prices have been observed depending on different buyers. In addition, with more new arrivals in the market in July, it is harder for HDG prices to rebound.
The soft pricing trend in the Chinese HDG market is expected to last in the short term at least.