Stainless steel belt market stability operation this week, steel procurement prices for previous levels.
Recent environmental inspection, although the current downturn in the steel mills purchasing coke enthusiasm but temporary stability for the supply and demand of coke, coke prices less inventory backlog of cases.
The current basic in coking coal prices also cost line level, at the bottom of the downward space is limited, or continue to focus price formation must be supported.
the domestic ore market continue down.
North China, northeast China market downward trend obviously, basic weak wait-and-see status in other parts of the market.
The sharp drop in after the early stage of the domestic ore market, weeks decline eased a little, but the imported ore port of spot prices falling impact, most of domestic ore business in poor condition, production to leak phenomenon, in some parts of the government in order to ensure the tax revenue, encourage large incremental mining enterprises synergies, bring the increase of inventory, will no doubt make late market operating pressure.
Now the major steel mills in the region in the factory the stainless steel carry inventory remains high, but relatively early than fell, were also belong to normal now.
The local coking plant construction in good condition, basic stocks are low.
At present overall weak steel market, traders funds generally tight, as a result, the coke market in the short term stability for the time being.
week, billet market by the futures market, and the spot market turnover slightly turn good lift, billet market price is slightly raise the tangshan area, and then in the case of finished steel spot market continue to rise, the billet market continue to chase after go up.
As the holiday approaches, macro policy without too much good news, and repeat rout of financial market, steel futures hit a year low, coupled with the pressure to highlight again near the end of the iron and steel enterprise funds, market for stainless steel with renewed weakness, tangshan billet on Friday quoted price back down, though by only 10 yuan, but a strong shock to confidence in the market, with the sharp drop in iron ore prices, steel billet market is expected to cut risk, or the year after market lows.
Stable domestic market for domestic molybdenum bulk market clinch a deal.
Molybdenum raw material prices, shock consolidation, molybdenum concentrate little clinch a deal.
Due to steel mills cut production, maintenance, steel prices at record lows, in this case, the future consumption and molybdenum iron price drop space is limited, once at the bottom of the stabilizing exists rebound may at any time.
Recent domestic is expected to steady.
Yin fell don't iron ore market, domestic ore fall accounted for the mainstream, import ore decline eased a little.
After the Dragon Boat Festival holiday, domestic ore market is still fell, domestic individual large mining companies cut again producer prices for iron ore, lead domestic ore market is falling, the current domestic ore price has been close to the bottom line, cost down space has been squeezed out, in addition to the individual cost control considerations of businesses still have profit, most enterprises have loss-making situation, large mining enterprises to ensure their market share and maintain production, thus rising inventories for stainless steel belt price form lethal inhibition.
