Last week, the prices of major varieties in the raw materials market fell, iron ore prices stopped falling and rebounded, the coke market is about to start a second round of price cuts, coking coal prices have fallen steadily, and the prices of various ferroalloys have been mixed. The price changes of major varieties are as follows:

Imported iron ore prices stopped falling and rebounded

Last week, the price of imported iron ore fell generally, and rebounded in the second half of the week. After the port spot traders actively shipped, some of the merchants had less spot resources, and the steel mills with less inventory had a small amount of replenishment. The price of domestic iron fine powder has fallen steadily. The price of iron powder in Tangshan, Hebei Province is stable, and steel mills mainly focus on on-demand procurement. The purchase price of iron concentrate in Liaoning Iron and Steel Plant fell slightly, and the inventory of steel mills was relatively low. 

The purchase price of iron concentrate in Liaodong Steel Plant was temporarily stable and may be slightly reduced in early September. The ex-factory price of iron ore fines from Shandong mines was lowered by 15 yuan/ton to 835 yuan/ton~855 yuan/ton. The ex-factory price of the southern mine in Anhui has been lowered to 800 yuan/ton~810 yuan/ton. The local steel mills purchase 65% of the iron ore fines in the surrounding mines, and the current price is about 800 yuan. The two parties have not negotiated yet, and the purchases have not been negotiated. 65% of imported iron fines dry-based tax-included remittances to the factory price of 790 yuan / ton ~ 820 yuan / ton, the price advantage of imported iron fine powder has been reduced; the northern mines of Anhui will 65% of magnetite dry base tax-included factory The price is lowered to 803 yuan / ton. The purchase price of iron concentrate in Jiangxi and Hunan steel mills was temporarily stable. In the case that the steel transaction has improved, the steel mills have increased their purchases appropriately. It is expected that the price of imported iron ore will rise slightly in the near future.

Coke price fell

Last week, the domestic coke market price fell by 100 yuan / ton. The price of coke in East China, North China and Northeast China generally fell by RMB 100/ton. The monthly price of Central and South China represented that the ex-factory price of coke enterprises was stable, and other regions fell by RMB 100/ton. At present, most traders choose to avoid the market, and some small enterprises in Shanxi have accumulated a small amount of inventory. Some local steel mills require Jiaojia to drop another 100 yuan/ton, and most of the coke enterprises have not yet responded. The coke stocks of the leading steel mills in East China increased slightly, but there was no adjustment plan. In September, the limited production capacity of some steel mills in Hebei Province may increase, and the market mentality is pessimistic. The coke market is expected to fall in the short term.

Coking coal market is stable

Last week, the domestic coking coal market was dominated by stability. Shanxi Anze low sulfur coking coal high price fell 20 yuan / ton to 1560 yuan / ton ~ 1580 yuan / ton. Recently, some coke enterprises have less purchases of raw coal, which is mainly based on consumption of stocks, and coking coal stocks have declined. The price of coking coal in Shandong is temporarily stable, but the downward trend of coke market is obvious. The coking coal market is under pressure and the price of coking coal may continue to decrease.

Ferroalloy market is up and down

Last week, the ferroalloy market was mixed. In terms of ordinary alloys, the price of ferrosilicon fell slightly, the price of silico-manganese was stable, and the price of high-carbon ferrochrome rose slightly. In the case of special alloys, the price of vanadium-based alloys rose slightly, and the price of ferromolybdenum fell. 

In terms of ferrosilicon, the ferrosilicon market continued to fall, and the processing block of No. 72 in the northwestern factory was lowered by RMB 100/ton. A few of the steel mills in East China purchased the tax in September and the factory price was set at around 6,200 yuan / ton. At present, the price of ferrosilicon has fallen to the vicinity of the cost line, and the willingness of ferrosilicon producers to increase their prices is expected to be stable in the near future.

In terms of silico-manganese, there is no significant fluctuation in the spot market price. Some steel mills have announced the silicon-manganese procurement plan for September, which has not yet been finalized. At present, the spot resources in the market are still tight, the price of manganese ore in the port is slightly loose, and the willingness to pay for silicon-manganese production enterprises has weakened. The market for silico-manganese will be weak and stable in the short term.

In terms of high-carbon ferrochrome, the price of chrome ore is high, the cost of raw materials is still supported, and the market is bullish. The high-carbon ferrochrome enterprises are tentatively raised by 50 yuan/ton~100 yuan/ton, and the downstream iconic steel mills purchase. The price has not been finalized, and the supply and demand sides are deadlocked. It is expected that the high-carbon ferrochrome market will be strong in the short term.

In terms of ferromolybdenum, the market price of ferromolybdenum fell first and then stabilized, and downstream demand was released in large quantities. The new orders in the ferromolybdenum plant increased, the inventory decreased, and the market mentality improved. At the same time, the spot supply of ferromolybdenum raw materials market continues to be tight, the cost of ferromolybdenum producers is high, and the low price is reluctant to sell.

In the vanadium system, the price of vanadium products rose slightly. The market for vanadium was better than the previous period. Most of the large factories were delivering pre-orders, and the number of downstream enquiries increased, but the actual transactions were not good. Vanadium alloy manufacturers offer strong prices. In view of the low bidding price of steel mills, vanadium alloy manufacturers are cautious in purchasing vanadium. It is expected that the short-term vanadium market will be strong.