Last week, the prices of various varieties in the raw material market fell as a whole. The external price of iron ore rebounded slightly after falling below US$100/ton; the prices of coke and coking coal both fell. During the period, the price changes of the main varieties are as follows
Imported iron ore prices continue to fall
Last week, the price of imported iron ore continued to fall. Affected by foreign financial markets, iron ore futures prices fell. Since the decline in mid-March, the external price of iron ore has fallen by more than 20%. Especially since late April, iron ore prices have accelerated their decline. Last Friday, the external price of iron ore began to rebound. Last week, the price of forward delivery resources was far lower than the spot price of the port, which had a certain impact on the overall market sentiment. At present, although steel enterprises have reduced production, the overall reduction in production is not strong. In addition, iron ore inventories at ports are still declining, and some steel enterprises with low inventories purchase in small quantities. In the short term, iron ore prices may rebound after a rapid decline. However, given the poor expectations of the overall market, the rebound in iron ore
prices is expected to be limitedwill fall. Domestic metallurgical coke prices fell overall Last week, domestic metallurgical coke prices fell as a whole, with a drop of 100 yuan/ton to 450 yuan/ton. Among them, the price of golden coke in East China, North China, and Northeast China has implemented the fifth round of price reduction before the “May 1st” holiday, with a drop of 100 yuan/ton: the price is stable during the “May 1st” holiday; The sixth round of price reduction is 100 yuan / ton. The monthly pricing of coke companies in the central and southern regions intends to make up for the price drop of 450 yuan/ton in May, but it has not yet been fully determined. In the first ten days of May, the price of golden coke in the southwestern region made up for a fall of 200 yuan/ton. Last week, the supply and demand of metallurgical coke continued to decrease, the total coke inventory of industrial chain enterprises decreased for 4 consecutive weeks, and the available days of coke in 80 steel enterprises decreased by 0.4 days, which was the lowest level in the same period in the past five years. At present, the profitability of most coke enterprises has dropped significantly, and some coke enterprises have slightly reduced production. However, the transaction situation of steel products is relatively poor, and the positive factors in the metal coke market are not obvious in the short term, and it will still operate weakly. It is expected that the domestic metallurgical sales price will stabilize and decline in the near future. The price of domestic coking coal is stable and has a decline
Last week, the domestic coking coal price fell steadily, ranging from RMB 50/ton to RMB 200/ton. During the “May 1st” holiday, some coal mines in Changzhi, Shanxi Province lowered the price of lean coal by 100 to 200 yuan per ton. The starting price of individual A8S0.55G70 lean coking coal online auctions in Qinyuan, Shanxi was 1650 yuan/ton, and the final transaction was at the reserve price, which was 175 yuan/ton lower than the high transaction price on April 26. The transaction price of G80 low-sulfur coking coal was 1700 yuan/ton . The coal price of individual large mines in Shaanxi Zichang fell by 100 yuan/ton to the cash price of 1,100 yuan/ton. The sixth round of reduction in the purchase price of metallurgical coke has basically landed, which has an impact on the coking coal market. At present, traders and coal washing plants basically do not purchase, and downstream companies are not very enthusiastic about receiving goods, and basically purchase on demand. It is expected that the price of coking coal will still fall in the near future.
The prices of various ferroalloy varieties were stable and fell last week, and the prices of ferroalloy preparations were stable and fell. After the “May 1st” holiday, the price of ferrosilicon fell by 100 yuan/ton to 150 yuan/ton, and it was difficult to trade high quotations in the market. The futures prices fell sharply. The overall inventory of manufacturers decreased. Some futures and spot traders indicated that the pricing resources have been exhausted one after another, and a few orders need to be ordered for delivery. It is expected that the price of ferrosilicon will stop falling and stabilize in the near future. The price of silicon language dropped slightly by 50 yuan/ton, and the ex-factory transaction price in the market was 6840 yuan/ton~6900 yuan/ton. At present, the enthusiasm of production enterprises to start work is not high, the bidding price of steel enterprises has fallen, and the price of raw material manganese ore has dropped slightly. It is expected that the silicomanganese market will be dominated by weak shocks in the near future.
The price of high-carbon ferrochrome rose steadily and slightly by 100 yuan/50 basis tons. The rise in the price of raw material chromium ore drives up the quotation of high-carbon ferrochrome, and the overall transaction situation in the market has improved. The overall bullish atmosphere in the chromium ore market is strong, the price of coke has dropped by 100 yuan/ton, and the production cost of high-carbon ferrochrome has not changed much. Focus on the release of demand from steel enterprises, and it is expected that the high-carbon ferrochrome market will operate stably in the short term.
After the “May 1st” holiday, the price of vanadium alloys fell steadily and slightly. The overall confidence in the vanadium-based alloy market is low, the losses of manufacturers are increasing, and the transaction is still relatively low. After the “May 1st” holiday, the price of silver alloys fell. At present, the transaction situation in the domestic silver market is not good, and the international silver price fluctuates and falls back. The market is mostly wait-and-see. It is expected that the platinum market will fluctuate within a narrow range in the short term.
Post time: May-13-2023