Steel raw material market is given priority to with stability

On May 7, steel spot market is given priority to with steady raw materials, the cost of imported iron ore market consolidation; Domestic ore prices running smoothly; Steel billet market prices weak; Coke market vulnerable consolidation; Shipping market downturn.

Specific view, 7, the cost of imported ore market consolidation, traders in early trading price differences, most flat quote us. Recently imported ore rise continuously, leading to a late market uncertainty increased, part of the downstream users to avoid the risk of late and cautious ore purchasing a high price. Comprehensive consideration, expected late imported ore market or is given priority to with a small consolidation. Futures aspects: iron ore contract fell 1509, throughout the volume reduction of the warehouse receipt side down, eventually fell 1.59% to 434.5. In mine side, domestic ore running smoothly, both inside and outside ore prices narrowed cause steel procurement within the enthusiasm, purchasing price have dark rose 10 yuan, after the period of mine still have narrowed upward price trend, but with the increase of domestic ore production supply, prices space is limited.

7 the national steel billet market prices weak. Tangshan region billet prices drop 20 yuan/ton, in other areas. Recent billet performance is good, but end demand recovery was slow, steel billet prices it is difficult to find strong support, the downstream businesses replenishment enthusiasm is reduced, the market mentality slightly depressed. So the short-term price of steel billet is expected to narrow adjustment.

Domestic coke weak spot market consolidation, river steel lower purchase price, hebei iron and steel level of metallurgical coke procurement price drop May 30, DaoChangJia 950, now, on May 1. It is understood that the recent steel mills on coke procurement price intention, upstream of coking coal for coking coal market at the same time support power is still weak, lead to the downstream steel raw materials procurement cautious, therefore, expected short-term domestic coke market is given priority to with steady operation. Futures: coke 1509 disadvantaged concussion, 924, down 0.86% drop-off underweight.

7 scrap steel market as a whole held steady running, individual small plant affected by the recent raw material rise slightly upgraded scrap purchase price, clinch a deal. Among them, the guangxi wuzhou yongda scrap drop 20, guiyang fujian reaches special steel scrap purchase price of 30 yuan/ton, tianjin days heavy jiang steel scrap purchase price adjustment: system is expected to rise 20 yuan/ton, other materials prices unchanged. The current steel end demand recovery was slow, supply pressure does not decrease; Steel prices are still difficult to have a big improvement. Steel mills to scrap basic on-demand procurement, expected short-term scrap steel market is given priority to with small amplitude adjustment.

Parts of steelmaking pig iron market prices slightly adjusted, demand is still no improvement, clinch a deal. Iron ore market, the recent rising, coke market weak, downstream also slightly weak steel market, the pig iron support dynamics is insufficient, downward space remained, so the short-term domestic pig iron market is expected to continue weak.