Last week, the prices of most varieties in the raw material market rose steadily, and the operating rate of blast furnaces dropped slightly but remained high. Among them, the price of imported iron ore rose rapidly and then fell slightly; steel mills in some regions have accepted the second round of price increases for coke, and it is expected that the second round of price increases for coke will be fully implemented in the near future; the market price of coking coal is generally stable, and prices in individual areas have increased; The prices of most ferroalloys have risen stably. The price changes of the main varieties are as follows:

Imported iron ore prices continue to rise

Last week, the price of imported iron ore continued to rise, and it fell slightly last Friday. The prices of various types of spot ore at the port continued to rise as a whole. Among them, the price of card powder and low- and medium-grade resources rose relatively greatly. Although steel mills in certain areas in Hebei are affected by production restrictions and sinter resources are tight, domestic steel mills' blast furnace operating rate remains high and demand for iron ore is good. Taking into account that the current iron ore price is already at a high level, steel mills purchase mainly on-demand. At present, port inventory has rebounded slightly. Although the port pressure of various ports has been slightly reduced, some major ports still have three to five days under pressure. At the same time, the recent Australian iron ore shipments have decreased, and iron ore prices have a strong support. It is expected that the market price of imported iron ore will fluctuate mainly at high levels in the near future.

Metallurgical coke prices rise

Last week, the scope of the second round of price hikes for metallurgical coke in East China and North China was expanded. Some steel plants in Hebei have accepted the second round of price increases, and some steel plants are still waiting to see. The monthly pricing coke companies in Central and South China raised their prices by 40 yuan/ton in September; some coke companies in the southwest region raised their quotations, but steel mills have not yet accepted them; the first round of metallurgical coke price increases in the Northeast have not yet fully implemented. Some areas in Shanxi have issued documents on de-capacity reduction, coupled with the withdrawal of self-owned coking capacity of individual steel mills in Xingtai, Hebei, benefiting the market. At present, although some large coke ovens are about to be put into operation, they have not yet put resources into the market. Some of them will be put into operation by the end of October, and the remaining capacity is expected to be put into operation in the fourth quarter, which will benefit the coke market in the short term. The stocks of metallurgical coke in steel mills, coking enterprises and ports are all declining, indicating that steel mills have strong demand for metallurgical coke. Industry insiders expect that the second round of metallurgical coke price increases in some areas in East China, North China, and Central South will all land in the near future, and the first round in Northeast China. The price increase landed, and the price in the southwest region rose by RMB 50/ton in the first half of September.

Coking coal market is mainly stable

Last week, the coking coal market was mainly stable, prices of individual varieties rose, and coal shipments in most regions improved significantly. Some large mines in Shandong raised gas coal prices by RMB 20 per ton for some users, while the prices of coking coal in other coal mines were temporarily stable. Shanxi's Linfen, Jinzhong, Taiyuan and Shaanxi coal mines have plans to slightly increase coal prices. It is expected that the mainstream coking coal market prices will be stable in the short term, and some areas will rise.

Ferroalloy market prices are stable and rising

Last week, the overall market price of ferroalloys rose steadily. In terms of ordinary alloys, the price of ferrosilicon was stable, while the prices of silicomanganese and high-carbon ferrochromium rose slightly; in terms of special alloys, the price of vanadium series steadily declined and the price of ferromolybdenum rose slightly specifically:

Hegang Group announced the second round of bidding price for ferrosilicon in September at 6,050 yuan/ton, an increase of 50 yuan/ton from the first round of inquiry. After Qinghai Mine announced the closure of operations for 1 to 2 months, the silica mine in Qipanjing area of Ordos underwent comprehensive management. At present, most ferrosilicon companies have silica inventories for more than one month, which has little impact on production. In the short term, the ferrosilicon market will operate stably and strongly. Hegang Group’s September bid price for silico-manganese was 6,300 yuan/ton, which was an increase of 100 yuan/ton from August’s purchase price, and failed to complete all purchases. Coupled with environmental protection inspectors and an increase in quotations from overseas mines, silico-manganese plants were reluctant to sell. , It is expected that the silico-manganese market will operate strongly in the short term. Tsingshan Group, Taiyuan Iron and Steel and other iconic steel plants, the bidding price of high-carbon ferrochrome in September is the same as the purchase price in August. At present, most of the factories do not have spot inventory, and the reluctance to sell is obvious. It is expected that the high-carbon ferrochrome market will operate strongly in the short term .

The domestic vanadium market is weakened. Large vanadium manufacturers have average shipments, and some small and medium-sized manufacturers have given profits, but the transactions have been average; steel mills entered the market to purchase vanadium-nitrogen alloys, but the bidding price fell, and bearish sentiment remained; terminal demand in the ferro-vanadium market was not good, but supported by cost , The price of ferrovanadium is relatively stable, and the vanadium series market is expected to operate weakly and steadily. The market price of ferromolybdenum continued to rise, the international price of molybdenum oxide rose strongly, the domestic molybdenum concentrate market followed the rise, and the supply of molybdenum concentrate in some areas was tight. The market price of ferromolybdenum has also risen. Most ferromolybdenum manufacturers focus on single-order production. It is expected that the market price of ferromolybdenum will continue to rise when the supply is relatively tight.