DAILY: Shanghai HRC Prices Edge Down

According to SteelHome survey, HRC prices generally decrease by 10-20 yuan/t in Shanghai market.

Yesterday, the transactions were weak. At present, traders promote selling for the worry about the sales pressure during National Day holiday. The supply of thin HRC is comparatively tight, yet the prices are basically stable. HRC inventory in local market continues to increase.

SteelHome predicts that market price will slightly decline amid fluctuation before National day holiday.

Related link:Market price of Shanghai HR Coil on Sep 24,20(new)