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Coking coal market is stable and falling

May. 20, 2020

Last week, the domestic coking coal market fell steadily, with the price drop mostly between 20 yuan / ton and 50 yuan / ton. The prices of local coal, gas and 1 / 3 coking coal in Shandong Province fell another 30 yuan / ton, with a cumulative drop of 60 yuan / ton in May; the prices of low sulfur coking coal in Anze, Shanxi Province fell by 20 yuan / ton to 50 yuan / ton; the prices of lean coal in Henan Province fell by about 20 yuan / ton. It is reported that Shandong Province will issue the policy of coal production by coking enterprises, and the enthusiasm of coking enterprises to purchase coking coal is beginning to weaken. It is expected that the domestic coking coal market is still weak in the near future.


Ferroalloy market gains and losses show each other


Last week, the ferroalloy market was mixed. In general alloys, the market price of ferrosilicon is stable, while that of silicomanganese continues to decline slightly, while that of high carbon ferrochromium is stable; in special alloys, the prices of vanadium series and ferromolybdenum are rising slightly. Specifically:


Due to the low overall inventory of ferrosilicon plant, the price has been increased by 50 yuan / ton, but mainly due to the delivery of orders, there is basically no inventory, traders are active in shipping, steel plant slightly increased the bidding price in May, concentrated in 5750 yuan / ton. In the near future, enterprises in Inner Mongolia and Ningxia are planning to resume production, and it is expected that the ferrosilicon market will be mainly stable in the short term. The market price of silicomanganese fell slightly. Due to the high price of raw manganese ore in the port and the reluctance of silicon manganese production enterprises to sell resources at a low price, the decline of silicon manganese market is expected to slow down. Due to the high production cost, high carbon ferrochrome manufacturers offer firm or not offer, but there are more spot orders for port chrome ore, and the offer is slightly increased. It is expected that the high carbon ferrochrome market will be stable, moderate and strong in the short term.


The market of vanadium system is stable, and the price of raw material flakes shipped by large vanadium plants is stable at Nine point six 10000 yuan / ton (including tax acceptance price), and it is easy to sign the bill, and the bulk market price is slightly higher. Driven by the bidding of steel plants, vanadium nitrogen alloy transactions are active, and most enterprises carry out goods according to orders without excess inventory; the market performance of ferrovanadium is stable, and the price rise is slightly difficult, but under the support of cost, its price is also strong. With the end of centralized stock up of steel plants, it is expected that vanadium prices will be stable in the near future. The price of ferromolybdenum continued to rise, the market supply of molybdenum concentrate was tight, the manufacturers had a strong attitude of sticking to the price, and the price was constantly raised. At present, the transaction of ferromolybdenum market is active, and the manufacturer's quotation is also higher under the cost pressure. However, the price of ferromolybdenum tends to stabilize gradually near the end of the week, and it is expected that the ferromolybdenum market will operate in a small fluctuation in the near future.


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