This week (4.8-4.12) the domestic pig iron market was mixed. Cost: recently the billet continues to rise; Iron ore (844, 25.50, 3.12%) is stable and moderate; Scrap price is strong operation; Coke (2164, 121.00, 5.92%) cost support is insufficient, and the downward pressure on coke price still exists; Pig iron prices were mixed.
Supply and demand: at present, pig iron manufacturers are mainly based on single production, and the inventory is relatively low. On the demand side, with the eighth round of coke reduction landing as scheduled, under the support of costs, steel enterprises and casting enterprises have increased demand for pig iron. However, considering that the current demand is slow to release, pig iron prices are not smooth, both the supply and demand sides are more cautious to wait and see the future market, and the market is generally trading.
Market: After pig iron manufacturers raised their prices, high-price resource transactions were suspended, coupled with the lack of downstream demand release, pig iron prices were under upward pressure. However, considering the recent recovery of the news, the business mentality has been boosted, and the probability of pig iron prices continuing to rebound has increased.
Comprehensive factor analysis, it is expected that the domestic pig iron market will be stable next week.
According to the monitoring data of Lange Iron and steel network, as of press time: steelmaking pig iron (L10) : Tangshan area reported 2980 yuan, up 100 yuan from last week, Yicheng area reported 3060 yuan, down 50 yuan from last week; Linyi district reported 3070 yuan, up 40 yuan from last week. Cast pig iron (Z18) : Yicheng area reported 3320 yuan, down 50 yuan from last week; Zibo area reported 3270 yuan, Linyi area reported 3270 yuan, both up 10 yuan from last week. Ductile iron (Q12) : Yicheng area at 3330 yuan, down 50 yuan from last week; Xuzhou area reported 3360 yuan, the same as last week, Linyi area reported 3360 yuan, up 30 yuan from last week. This week (4.8-4.12) the domestic pig iron market was mixed. Cost: recently the billet continues to rise; Iron ore (844, 25.50, 3.12%) is stable and moderate; Scrap price is strong operation; Coke (2164, 121.00, 5.92%) cost support is insufficient, and the downward pressure on coke price still exists; Pig iron prices were mixed.
Supply and demand: at present, pig iron manufacturers are mainly based on single production, and the inventory is relatively low. On the demand side, with the eighth round of coke reduction landing as scheduled, under the support of costs, steel enterprises and casting enterprises have increased demand for pig iron. However, considering that the current demand is slow to release, pig iron prices are not smooth, both the supply and demand sides are more cautious to wait and see the future market, and the market is generally trading.
Market: After pig iron manufacturers raised their prices, high-price resource transactions were suspended, coupled with the lack of downstream demand release, pig iron prices were under upward pressure. However, considering the recent recovery of the news, the business mentality has been boosted, and the probability of pig iron prices continuing to rebound has increased.
Comprehensive factor analysis, it is expected that the domestic pig iron market will be stable next week.
According to the monitoring data of Lange Iron and steel network, as of press time: steelmaking pig iron (L10) : Tangshan area reported 2980 yuan, up 100 yuan from last week, Yicheng area reported 3060 yuan, down 50 yuan from last week; Linyi district reported 3070 yuan, up 40 yuan from last week. Cast pig iron (Z18) : Yicheng area reported 3320 yuan, down 50 yuan from last week; Zibo area reported 3270 yuan, Linyi area reported 3270 yuan, both up 10 yuan from last week. Ductile iron (Q12) : Yicheng area at 3330 yuan, down 50 yuan from last week; Xuzhou area reported 3360 yuan, the same as last week, Linyi area reported 3360 yuan, up 30 yuan from last week.
