Last week, the prices of most raw materials and fuels rose sharply, with iron ore prices rising the most; coke prices rose in two rounds, and the overall supply of resources was still tight, and prices are expected to continue to rise; the overall price of coking coal increased; and the prices of ferroalloys fluctuated slightly. The price changes of the main varieties are as follows:

Imported iron ore prices have risen sharply

Last week, the price of imported iron ore rose sharply, with a daily increase of US$10/ton. The cumulative increase in the price of medium and high-grade resources at the port reached RMB 165/ton to RMB 190/ton, and the price increase of medium and low-grade resources was relatively higher. small. India is severely affected by the epidemic, with fewer ships, and it may reduce the amount of resources sent to China in the future. Domestic steel mills are still operating at full capacity despite high profits, port inventories continue to decline, and some steel mills have a certain replenishment demand after the "May Day" holiday. With the strong expectations of the iron ore market and the high operating rate of steel mills, industry insiders expect iron ore prices to remain strong.

Metallurgical coke prices are rising steadily

Last week, the fourth and fifth rounds of price increases for metallurgical coke in East China, North China, and Central and South China followed the market adjustment and Northeast China. It is understood that since the price increase in late April, the price of metallurgical coke has risen by 500 yuan/ton to 590 yuan/ton, and a few coke companies in North China have requested the sixth round of price increases. The monthly pricing coke enterprises in Central and South China raised the price of metallurgical coke by 240 yuan/ton to 270 yuan/ton in May; the price of metallurgical coke in Southwest China rose by 300 yuan/ton. At present, the steel mills are profitable, the blast furnace operating rate is high, and the demand for metallurgical coke is strong. The market is still "a coke is hard to find", and the phenomenon of rushing goods is obvious. Some coke companies plan to raise the price of metallurgical coke for the sixth round around May 10. Industry insiders expect that domestic metallurgical coke prices will continue to rise in the near future.

Coking coal market prices rise

Last week, the domestic coking coal market remained strong and resources remained tight. Coking coal prices in Shandong, Jiangsu, Henan, Hebei, Shanxi, and Shaanxi have all increased, ranging from 30 yuan/ton to 150 yuan/ton, and some coking coal prices have increased from 250 yuan/ton to 350 yuan since April. /Ton, individual prices have reached new highs since the beginning of 2009. At present, coking coal resources continue to be tight, downstream companies are actively adding new procurement channels, and the gap between long-term cooperative prices and market coal prices continues to widen. Before the tight supply of coking coal has not improved, prices still have room for upside. Industry insiders expect domestic coking coal prices to rise steadily in the near future.

Ferroalloy market prices have fluctuated

Last week, the market price of ferroalloys went up and down mixed. In terms of common alloys, the prices of ferrosilicon and silicomanganese rose slightly, and the prices of high-carbon ferrochromium fell slightly; for special alloys, the prices of vanadium series were stable, and the prices of ferromolybdenum rose slightly. Specifically:

Due to the slight increase in the market price of ferrosilicon, major manufacturers continue to close their quotations, and the demand from downstream companies has not been released. Traders are not enthusiastic about purchasing. In addition, the market is expected to cool down under the policy of "dual energy control" in Ningxia. People's wait-and-see sentiment remains unabated, and the price of ferrosilicon will most likely remain stable in the short term. HBIS announced that its purchase of silicomanganese in May was 24,600 tons, a decrease of 400 tons from April. Shaoguan Steel has finalized the purchase price of silicomanganese at RMB 7,200/ton, which is an increase of RMB 320/ton from the April price. The overall delay in the bidding of steel mills and the strong wait-and-see atmosphere in the market. Although the quotations of manganese miners were slightly increased by 0.5 yuan/ton, the downstream companies generally did not accept it. The industry expects that the silico-manganese market will operate steadily and strongly in the short term. At present, most high-carbon ferrochrome manufacturers focus on delivering orders, and the market has no favorable support for the time being. The industry expects that the high-carbon ferrochrome market will remain weak in the short term.

Last week, prices in the domestic molybdenum market continued to rise, steel mills concentrated tenders for ferromolybdenum, and both volume and price rose. The domestic price of molybdenum concentrate remains strong, and mining companies continue to be bullish. Demand for replenishment of raw materials is strong, and enquiries are active. At the same time, a large number of steel mills' ferromolybdenum bidding plans have yet to be implemented, and ferromolybdenum prices are expected to rise slightly. The domestic vanadium market demand is deserted. Supported by costs, the quotations of ferro-vanadium and vanadium-nitrogen alloys are at a high level. Industry insiders predict that the vanadium market will mainly operate stably in the near future.