One week overview of raw material Market on May 2020
May. 20, 2020
Last week, the price of most domestic raw materials rose, on the one hand, because the domestic steel market is more volatile, on the other hand, the blast furnace operating rate continues to rise, and the steel mills have relatively good demand for raw materials and fuels. The price of iron ore in the outer market has increased significantly; the coke market is temporarily stable, but coke enterprises have the intention to increase the price; the coking coal market is relatively weak; the market of other ferroalloys, except for the price of silicon and manganese, is stable and strong. Price changes of main varieties are as follows:
The price of imported iron ore continues to rise
Last week, the price of imported iron ore continued to rise. Under the influence of the new low iron ore inventory in the domestic port and the continuous purchase after the May 1st festival of the steel plant, the price of iron ore in the outer market increased significantly. Port spot mine prices also rose, but the increase was relatively small, mainly because after the price rise, buyers tend to be cautious in purchasing, block ore, pellet ore transactions in general. With the two sessions approaching, the production of northern steel plants may be affected to some extent. However, under the condition of high blast furnace opening rate of domestic steel plants, the demand for iron ore remains at a high level. It is expected that the overall iron ore market will be strong in the near future, or there will be a small fluctuation.
Stable transaction price of metallurgical coke
Last week, the transaction price of domestic metallurgical coke was stable. Most coke enterprises in East China, North China, South China and other regions have raised the price of metallurgical coke by 50 yuan / ton. At present, there is no response from the steel mills. The price of coke enterprises priced in Central South China is stable. The price of metallurgical coke purchased by the steel mills priced in the south west half of the month has increased and decreased with each other. The price of 83 coke (fixed carbon content is more than 83%) of some steel mills in Yunnan has decreased by 30 yuan / ton. Most steel mills have adjusted the price of 85 The purchase price of coke (fixed carbon content is greater than 85%) has not been adjusted, and some steel mills have accepted the price of 80 coke (fixed carbon content is greater than 80%) to increase by 50 yuan / ton. At present, the blast furnace operation rate of steel plant is at a high level, the demand for metallurgical coke is increasing, most coke enterprises have no inventory, and the confidence of price increase is sufficient. The coke inventory of the leading steel mills in East China has declined significantly, and the purchase price is not yet determined. Some steel mills in Shanxi may accept the price increase. It is expected that the second round of price increase of metallurgical coke will be fully implemented in the near future.