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| HR Strip Market Trends Downwards |
| UMETAL-CHINA, Market prices of domestic strip stay weak overall with slim transaction. Mainstream specifications in north China have dropped by RMB10-30/tonne and high prices result in poor shipment. Prices for individual specification in east and south China have slightly adjusted downwards by RMB20-40/tonne, with light stock pressure. However, in order to recoup funds near the end of a month, traders are more eager to promote sales..
Traders are cautious about trading because of the weak strip prices, and a part of them are pessimistic towards the short-term markets. Strip markets are expected to fluctuate downwards in the short term.
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