DAILY: South-central China Scrap Price Stable, Supply-demand Standoff Continues
Prices of scrap remained broadly stable in South-central China on Monday. 6-10mm HMS stayed at 2650-2700 yuan/t in Henan; 2630-2680 yuan/t in Hubei and Hunan; 2660-2710 in Guangdong.
According to SteelHome survey, traders were inactive in low-price sales. In addition, the large consumption supported the price to perform sturdily in these areas.
Currently, the supply-demand standoff continues.
SteelHome considers that scrap price may keep stable in the short run by and large.
Link: Market price of Wuhan Scrap on Sep 28,20
Link: Market price of Henan Scrap on Sep 28,20
Link: Market price of Guangdong Scrap on Sep 28,20
