Rainy weather has lately impacted transaction volumes in the Chinese domestic HDG market and traders have had to adjust their prices downward slightly amid a further slackening of activity. At the same time, the average cost of HDG supplies arriving in the market is around RMB 4,500/mt ($732/mt), and so traders' profit margins are being squeezed. As for the coming week, it is thought that domestic HDG prices will move on a slightly soft trend as demand appears unlikely to indicate any significant improvement.
$1 = RMB 6.15