Last week Indian HDG export prices remain stable, the demand from US, Europe and the Middle East weak, but demand from South America remained stable.

Currently, India's exports to the United States offer for 0.3mm HDG stable at USD700-725 / ton (CFR), no deal. Although the current US HDG demand is still weak, with the Government increase investment in infrastructure, demand is expected to rebound in the coming months.

Due to competition from low-cost resources of China, the Middle East HDG demand is still weak. South American market demand is stable. The price of 0.14-0.15mm HDG from India to Peru is USD820-830 / ton (CFR).

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