Iron and steel raw materials market mainstream weak stability

On September 29, the mainstream of the domestic steel raw materials spot market was weak and stable. Among them, the imported iron ore market is in a weak operation; the domestic ore market maintains stable operation; the steel billet market is stable; the coke market is operating stably; and the shipping market is operating smoothly.

Specifically, on the 29th, the import ore market was operating weakly. On the spot side: At present, the financial derivatives market is still pessimistic, and there is no improvement in the downstream market demand. Before the holiday, the steel mills did not have large-volume resupply plans, and inventory remained low. The overall wait-and-see atmosphere was strong. It is expected that the short-term import ore market will rebound weakly. ** Aspect: The DCE iron ore ** 1501 contract continued to fluctuate throughout the day and fell below the daily limit, closing at 3.04% at 542 yuan/ton.

In the domestic mines, the domestic ore market maintained stable operation, and the business mentality was weak. Due to sluggish sales of steel products, stocks of finished steel in most steel mills are high, and in this context, steel mills are unwilling to reduce pressure on iron ore, and most of them maintain the low inventory operation of raw materials. As the 11th holiday approached, the market did not experience the phenomenon of centralized restocking by steel mills. Demand support was insufficient. Businesses looked heavier on the outlook. It is expected that short-term domestic mines will continue to be weak and steady.

On the 29th, most domestic steel billets remained in a stable state of operation. Close to the National Day holiday, most markets were dominated by wait-and-see attitudes, and purchasers had fewer pre-holiday operations and overall market transactions were relatively light. It is expected that the No. 30 domestic steel billet market will continue its steady state.

The domestic coke spot market operated steadily. Except for the individual steel mills in the southwestern region, the price of inquiry orders in the coke market remained good. ** The weaker side of the day down, affected by the decline of futures, the lack of support for the market outlook is still not optimistic. At present, the downstream steel market continues to be weak, which restricts the rise of coke prices; stocks of steel mills all maintain normal inventory, and steel mills also purchase more warehouses. It is expected that the coke market will remain stable in the short term. ** Aspect: The coke 1501 weak shock, closing 1049 fell 0.76%, shrinking lighten up.

The scrap market is stable and moderate, and the overall transaction is general. Recently, most steel mills introduced prices for finished products in October, which are mixed, and they are not strong enough for the current depressed steel market. The shock still exists. The recent supply and demand of the scrap steel market are low, all at a low level, and the market operation continues to be weak. The downstream finished steel products market has not seen any improvement. Steel mills have purchased more scraps on demand and the market has been sluggish. It is expected that the domestic scrap market will adjust slightly in the near future.

The market price of pig iron for steelmaking is stable, with poor transactions and no improvement in demand. At present, the market price of steel-making pig iron is more confusing, and transactions are mostly based on a single proposal. Market demand has been declining. Some iron plants have experienced a dark drop in order to stimulate shipments. Downstream steel prices remained weak, which was slightly unfavorable to the steelmaking pig iron market. It is expected that the domestic pig iron market will remain weak mainly in the latter period.

In addition, on the 29th, the shipping market was operating smoothly and shipping activities in the Pacific region were light. At present, Brazil-China shipping costs are US$19.635/ton (15-18 million tons); Western Australia-China shipping fees are US$7.614/ton (15-18 million tons); South Africa to China is US$14-15/ton (15-18 million). Tons); Iran to China 23-24 US dollars / ton (2-3 million tons). In Southeast Asia, there are occasional transactions for coal and nickel ore. At present, the freight rates for oversight-type vessels from Indonesia to southern China are 7.5-8.5 US$/ton (50-60 thousand tons), and the Panamax shipping costs are 5.5-6.5 US$/ton (7- 80,000 tons).