Recently, the domestic raw material market prices have generally risen steadily, and iron ore prices have continued to rebound; coke prices have temporarily stabilized; coking coal market prices have remained stable; ordinary alloy prices have risen steadily, while special alloy prices have stopped falling and rebounded. The price changes of the main varieties are as follows:

Iron ore prices rebound

After the National Day, the market price of imported iron ore continued to rebound. On the one hand, some steel mills in East China resumed production, and demand for iron ore has increased; on the other hand, with the overall increase in steel prices, some manufacturers with low inventories still have partial replenishment needs. In the later period, steel mills in the north will be faced with the introduction of production restrictions in autumn and winter, and the production of sintering machines will be limited, and lump ore may be purchased appropriately. In the near future, steel mills will still have a certain purchase demand despite the rising prices of finished products. The iron ore market will still rise mainly due to fluctuations, but in the context of production restrictions, the rebound will be limited.

Coke prices are stable

After the National Day, the price of metallurgical coke in East China, North China, Northeast China, and Southwest China remained stable; the dominant coke companies in Central and South China raised their prices by 800 yuan/ton to 870 yuan/ton in October. During the festival, Shanxi suffered heavy rains, mudslides and landslides in many places, railway and road transportation were affected to varying degrees, and metallurgical coke inventories in some coking enterprises rose rapidly. After large-scale production cuts in steel mills in mid-to-late September, the supply-demand relationship was quickly restored, and the selectivity of coke in steel mills increased. It was difficult for high-sulfur coke, wet quenching coke, and coke enterprises dominated by trading households to ship. At present, Shanxi, Ningxia, Inner Mongolia and other places have accumulated stocks, and steel mills have the psychology of lowering prices. However, the Yellow River flood release has been closed recently, shipping has been blocked, the delivery volume of the Southern Steel Plant has declined, and the blast furnaces that had previously stopped production in Jiangsu have partially resumed production or are preparing to resume production in the near future, and the demand for metallurgical coke has increased, which has certain support for the market. At present, the overall market sentiment is cold, speculative merchants have no purchase plans, and steel mills are also purchasing on demand or in reduced quantities. It is expected that some steel mills will lower their purchase prices.

Coking coal prices are mainly stable

In October, the long-term cooperative price of large domestic coking coal mines generally rose sharply. The market price was mainly stable, and the price of a few high-priced resources fell. The transaction situation of high-sulfur coking coal in Liulin, Shanxi is better than that of low-sulfur coking coal. Shandong Daquan raised the price of various types of clean coal for key households by 100 yuan/ton; the mainstream spot exchange rate of local gas and coal has temporarily stabilized. The mainstream spot exchange rate of Shaanxi Zichang gas coal fell by 100 yuan/ton to 2050 yuan/ton. Due to the heavy rain, the automobile transportation was blocked and the shipment pressure was high. Recently, Shanxi Province has been affected by heavy rainfall, which has affected the production and transportation of some coal mines. Short-distance transportation has a greater impact on transportation. After recovery, there will be replenishment behavior downstream. On the whole, domestic coking coal prices will be stable, with local fluctuations but limited fluctuations.

Ferroalloy prices are mainly rising

Last week, the market price of ferroalloys mainly rose. In terms of ordinary alloys, the price of ferrosilicon is stable, and the prices of silicomanganese and high-carbon ferrochrome continue to rise; in terms of special alloys, the market prices of vanadium and ferromolybdenum have stopped falling and rebounded. Specifically:

The domestic vanadium market fluctuated slightly and was operating strongly. The price of vanadium-nitrogen alloy rose by 2 million yuan/ton, and the price of 98% vanadium rose by 3 million yuan/ton. Although the atmosphere of the game between the supply and demand sides is still strong, the low-price resources in the market are gradually decreasing, the quotations of vanadium alloy manufacturers are firm, and the purchasing activity of traders has also increased. Taking into account the slow recovery of downstream terminal demand, the steel mills bidding less after the holiday, and the trade Commercial high-price orders are still cautious, and it is expected that the vanadium series market will operate steadily and strongly in the short term. During the National Day, the international molybdenum price oversold and rebounded. After the holiday, the domestic molybdenum price also rebounded. The bidding of steel mills also improved slightly, and the low-price resources in the market decreased. The short-term molybdenum series market is expected to operate stably and strongly.