Daily Price List Of Raw Materials And Fuels

Iron Ore: On February 27th, imported iron ore prices at Shandong ports were slightly stronger than the previous trading day, rising by 2-3%. Traders in the region were relatively active in quoting prices, but transactions were few so far. On the buying side, steel mills in the region were replenishing their inventories as needed, with few inquiries. Currently, the mainstream price for 60.8% PB fines is 747-750; for super-fine fines, it's 635-640; and for 61.6% PB lumps, it's 850-855. Scrap Steel: On February 27th, the average price of heavy scrap in 45 major cities nationwide was 2092 yuan/ton, unchanged from the previous trading day. Steel prices were consolidating weakly in some areas, and the trading atmosphere in the iron ore market was generally weak. Regarding scrap steel, most bases have not yet resumed operations after the Spring Festival, and steel mills' willingness to replenish their inventories is generally low. Overall, domestic scrap steel prices are expected to consolidate within a narrow range on the 28th. Coking Coal: On February 27th, coking coal prices remained stable. Most coking plants were operating smoothly, with operating rates remaining basically stable. Although coking profits have slightly recovered compared to the previous period, the improvement is limited, and the industry as a whole remains on the verge of breaking even. Companies are not highly motivated to increase production and are maintaining normal operating levels. As a result, some coking plants have seen a slight accumulation of coke inventory, leading to slightly increased pressure on the sales side. On the demand side, the steel market is stable, and steel mills' coke inventories are mostly at reasonable levels, with only minor restocking currently underway. Overall, demand support is relatively stable. In summary, the coke market is expected to remain stable in the short term.