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A review of the domestic raw material market this week
This week, the performance of domestic main raw materials is different, among which, the price of imported ore fell after the first, the price of billet rose slightly, the price of domestic ore is mainly stable, the coke market remains stable, the scrap market is mixed, the specific varieties:
Billet: domestic billet market rose slightly this week, as of press time, Tangshan billet tax included price of 3540 yuan/ton, up 20 yuan/ton. In terms of inventory, as of 8 o ‘clock in the morning of June 30, the billet stock of Xiangyu Zhengfeng Warehouse was 127,700 tons, the billet stock of Haiyi Hongrun warehouse was 150,700 tons, the billet stock of Zhenxiang was 179,400 tons, the billet stock of Zhongtuo Li Zhaozhuang was 4,000 tons, and the billet stock of four warehouses was 461,800 tons, an increase of 49,300 tons from the previous month. In terms of market: the recent environmental protection in Tangshan area has become stricter, some rolling enterprises have stopped production, the demand for billet procurement has decreased, and some of the resources submitted at the end of the month have been put into storage, and the main warehouse inventory has increased, but the shock of the contract is strong, market confidence is OK, and the manufacturer’s quotation has risen slightly. Considering that the steel billet inventory has increased slightly, the end of the limited production exists replenishment, etc., it is expected that the domestic steel billet market will be mainly adjusted by shock next week.
In terms of iron ore: this week, the import mine market first fell after rising, as of June 30, Qingdao Port 61.5%PB powder offer 880 yuan/ton, up 30 yuan/ton. In terms of ports, ore stocks in the main ports were 127.44 million tons, down 510,000 tons from the previous quarter. This week’s blast furnace operating rate of 84.09%, an increase of 1%; The profit rate of steel enterprises is 64.07%, an increase of 3.9%. The output of molten iron increased from the previous quarter, but the procurement of steel enterprises is still cautious, mainly to the just-needed replenish, and the procurement varieties are mainly PB powder, barmix, Newman powder, and mainstream block ore. Traders quote more with the market, the market trading sentiment is general, but the ore contract continues to pull up, the overall confidence of the market is OK. Considering that the terminal demand is in the off-season, but the production of molten iron is increasing, it is expected that the import mine market will be mainly shaken next week.
Coking coal: This week, the domestic coking coal market is stable and weak operation, with the downstream coke growth blocked, the market sentiment is low, steel coke enterprises fill the inventory on demand, and some regional coke enterprises due to profit constraints and limited production, the rise of coking coal prices formed a suppression, the production of coal mines slowed down, the price of the faster regional price fell 50-100 yuan/ton. Considering that the pressure on coal mine inventories is not large, but just demand is weakened, it is expected that the domestic coking coal market will remain weak next week. At present, the main coke S0.5G7 in Changzhi area of Shanxi is reported at 1750 yuan/ton; Liulin main coking coal S0.7, G85 at 1700 yuan/ton, S1.3, G75 at 1590 yuan/ton. Tangshan main coking coal S0.8-0.9, G>85, Y17-23 at 1735 yuan/ton; Handan main coking coal S<0.6,G75-85 at 1800 yuan/ton. Inner Mongolia Wuhai 1/3 coking coal A≤10.5, S≤1.0, V≤32, G≥80, Y17 at 1450 yuan/ton.
Coke: This week, the domestic coke market maintained stable operation, with some raw coal high and falling, the market bullish enthusiasm cooled, the first round of coke enterprises to raise 50-60 yuan/ton has not been implemented. At present, the profit of the steel mill is OK, the production enthusiasm is good, the coke inventory in the plant maintains a reasonable level, and the goods are normal. The profit of coke enterprises is insufficient, the environmental protection of some regions is becoming stricter, the overall supply is tightened, and the market as a whole is in a wait-and-see state. Considering that the contradiction between coke supply and demand is not obvious, it is expected that the domestic coke market will continue to run smoothly next week. Now East China quasi-primary coke factory price including tax 1800-1900 yuan/ton; North China quasi-primary coke factory price including tax 1800-1900 yuan/ton; Shanxi region quasi primary coke factory price including tax 1700-1800 yuan/ton; Northeast region quasi primary coke factory price including tax 1700-1800 yuan/ton.
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