Raw material spot market
Imported ore: The price of imported iron ore fluctuated on the 15th, and the transaction area was different. In the morning, the purchasing sentiment of the steel mills was acceptable, and the ore price slightly adjusted. The steel mills intend to purchase PB powder with an inquiry price of 1050 yuan/ton, but the traders' intention price is above 1055 yuan/ton. In the afternoon, ore prices fluctuated upward, and traders' bargaining space narrowed to 0 yuan/ton, steel mills’ inquiries weakened, and individual steel mills’ inquiries for PB powder were 1,060 yuan/ton, but traders were unwilling to sell at a low price. At present, Tianjin Port has basically no pressure on the port, and the port is still at a high level. It is expected that the iron ore price of Tianjin Port will continue to fluctuate in the short term.
Coke: The domestic coke market was on the strong side on the 15th, and some steel mills have accepted the ninth round of coke price increases. On the supply side, the overcapacity reduction policy has been further promoted, coke supply is still tight, and coke companies have good sales; on the demand side, blast furnaces have started at a high level, and some steel mills have been affected by environmental protection and transportation factors. On the whole, Jiao Qi is more optimistic about the market outlook, and it is expected that the ninth round of promotion will be fully implemented.
Scrap steel: On the 15th, the scrap steel market continued to perform strongly. The price adjustment of steel mills was mainly to increase, and the market mentality was general. The mainstream steel mills' scrap prices remained stable. Today's black futures are consolidating and picking up. The billet has been raised by 20 to 3650 now. Cash includes taxes. The finished product is better than scrap. From the perspective of supply and demand, the arrival of mainstream steel mills is gradually decreasing, market resources are tight, and the supply and demand of the scrap market are tightly balanced. It is expected to maintain stable operation tomorrow.
Steel market forecast
Today's black futures strengthened in the afternoon, and the snails rose sharply, which boosted market sentiment and transactions improved. In the short term, the country’s widespread cooling will gradually weaken terminal demand. Although the price of raw materials is still at a high level, the support for steel costs is strong, and the inventory pressure is still acceptable, considering that demand will hardly change in the later period, it is expected that the short-term spot market price will be Narrow adjustment.
