Raw fuel market price
Imported ore: Tangshan area imported ore market price slightly up, less market transactions, the whole day imported ore spot quotation compared with the previous working day price up 10-15 yuan/ton.
Coke: the coke market is weak and stable. Coke enterprises started to decline slightly, the field inventory low operation, smooth shipment, coke enterprises due to losses led to a gradual increase in production limit, production limit range of about 30%, and the expansion of the production limit trend, affecting coke supply further contraction. In terms of steel mills, the blast furnace works in general, the overall demand is weak, mainly on demand procurement, coupled with the increase in steel production cuts, poor profits and terminal demand is still not significantly improved, in the short term coke market is weak operation.
Scrap steel: specifically, black futures continue to shock weak, market pessimism intensified, some businesses considering the current serious losses of steel companies, building materials transaction downturn and other bearish factors, scrap steel decline may be difficult to stop, more than fell in steel mills, scrap steel market price is expected to run mainly weak.
Steel market price forecast
Global commodity prices fell on Tuesday, with crude oil prices in particular the biggest faller, as the Us Federal Reserve and the European Central Bank's expected rate hikes raised the risk of a global recession. China's low temperature season, repeated epidemic and other adverse factors, drag on consumption growth, steel demand performance is particularly weak. In the short term, steel market supply and demand is weak, cost downward, pessimistic, steel prices continue to run weak.
