Weekly overview of raw material market(October 28 – November 3)

Last week, the price of various varieties of raw material market fluctuated, steel enterprises increased production maintenance, raw fuel procurement tends to be cautious. Iron ore prices continue to rise and port inventories fall; The first round of coke price reduction landed, and the coking plant returned to the state of loss;Coking coal prices have fallen steadily;Prices of most iron alloys fell. In the meantime, the price changes of the main varieties are as follows:

Last week, the external price of imported iron ore fluctuated, and the iron ore spot market was generally weaker than the futures market. At present, the price premium of iron ore is high, merchants are cautious in purchasing, and the volume of external trading continues to fall. Iron ore port spot prices rose slightly, traders shipped positive, steel production reduction slightly increased, later or will continue to be a small number of on-demand procurement, the overall spot market trading situation is general. Iron ore inventories at major ports have begun to decline, and inventories may continue to accumulate in the near term. The overall performance of the steel market is general, and steel companies are still cautious in purchasing raw materials such as iron ore. Iron ore prices are expected to rise and fall in the near term.

Domestic metallurgical coke prices fell

Last week, domestic metallurgical coke prices fell 60 yuan/ton ~110 yuan/ton. East China, North China, Northeast China metallurgical coke prices fell 100 yuan/ton ~110 yuan/ton; The price of metallurgical coke in the monthly pricing coke enterprises in the central and southern region fell by 60 yuan/ton to 100 yuan/ton; The price of coking coke in southwest China fell by 100 yuan/ton. After the first round of price reduction of metallurgical coke, coke enterprises fell back into a large area of loss. In addition, steel enterprises have increased production cuts, or will inhibit the enthusiasm of coke enterprises. A few steel companies still have the intention to reduce the purchase price of metallurgical coke. It is expected that the domestic metallurgical coke price is generally stable in the near future.

Domestic coking coal prices were stable and fell

Last week, domestic coking coal prices fell steadily, falling more than 50 yuan/ton ~100 yuan/ton; Bidding was poor, with most prices falling. The price of low-sulfur coking coal in Shan ‘an Ze is 2250 yuan/ton, and the downstream has the intention to reduce the price, but the coal mine has an earlier order, and the price has not been implemented. After the price reduction of metallurgical coke, the enthusiasm of downstream coke enterprises to purchase coking coal has weakened, but the inventory of coke enterprises is generally low, and there is still demand for replenishment. Coal mine production is normal, some shipments slowed down, inventory accumulation. However, some mining companies believe that there is a heating season to provide demand support, coking coal prices are limited downside. Coking coal prices are expected to fall in the near future, but the decline is limited.

Prices of most varieties in the ferroalloy market fell

Last week, prices of most varieties in the ferroalloy market fell. The price of ferrosilicon fell 50 yuan/ton ~100 yuan/ton. The price of small raw materials fell 100 yuan/ton to 1200 yuan/ton, and the loss situation of enterprises was eased. Futures prices rebounded slightly, the market low price resources reduced, but production enterprises are pessimistic about downstream demand. The ferrosilicon market is expected to run weakly and stably in the short term. The spot price of silicon manganese is stable, and the cash ex-factory price is 6550 yuan/ton. The operating rate and output of silicon manganese production enterprises have decreased compared with the previous week, and with the gradual landing of the control policy in the main producing areas, it is expected that the production of silicon manganese will continue to fall. The price of raw material chemical coke fell, the port inventory of manganese ore was high, the price continued to decline, and the production cost of silicon manganese was reduced. It is expected that the silicon manganese market will run weakly and stably in the short term.

The price of high-carbon ferrochrome fell by 50 yuan /50 base tons, and the purchase price of some steel enterprises in November was reduced by 300 yuan /50 base tons from the price in October. On October 31, a high-carbon ferrochrome production enterprise in Ebian, Sichuan Province, stopped production of 3 ore-heating furnaces, which is expected to affect the monthly output of about 6,000 tons. Due to equipment failure, a high carbon ferrochrome production enterprise in Inner Mongolia has stopped production of one ore furnace for maintenance, which is expected to affect the monthly output of about 2,000 tons. The price of raw chromium ore fell. At present, downstream demand is still weak, entering November, the overall cost of southern power has moved up, and the supply of high-carbon ferrochrome market may be tightened, but due to the obvious decline in raw material prices, it is expected that the high-carbon ferrochrome market will be weak and stable in the short term.

Vanadium alloy prices fell slightly. Vanadium prices fall. At present, the loss pressure of vanadium alloy manufacturers has further increased, and the phenomenon of production suspension and production reduction has increased. It is expected that the vanadium alloy market will be stable and weak in the short term. Molybdenum alloy prices fell first and then rose, the overall decline. Molybdenum concentrate, a raw material, rose in price. International molybdenum price rebound, the domestic molybdenum market has bullish sentiment, in the raw material end cost support, iron molybdenum manufacturers offer relatively strong, but the downstream steel enterprises acceptance of high prices is limited, need to continue to pay attention to steel enterprises enter the bidding situation, is expected to shock the molybdenum market in the short term.