A week summary of the raw material market April 24 ~ April 30

Reported By 2020-5-8

Last week, the domestic raw material market fluctuated slightly. The iron ore market fell first and then rose, and port inventories continued to be low, the coke market was generally stable, the coking coal market continued to fall steadily, and the ferroalloy market rose steadily.

1.Imported iron ore market fell slightly

Last week, the imported iron ore market fell slightly. Some steel mills replenish their inventories in small amounts, but the iron ore market prices fell slightly as the domestic steel market performed generally and steel mill purchases tended to wait and see. After May 1st, some steel mills will properly purchase iron ore, and the current port iron ore inventory is at a low level. It is expected that the iron ore market will be relatively strong.

2.The mainstream market of metallurgical coke is stable

Last week, the mainstream domestic metallurgical coke market was stable. The transaction price of metallurgical coke in East China, North China, Northeast China and Southwest China is stable.

3.The coking coal market has fallen steadily

Last week, the domestic coking coal market declined steadily. It is expected that the domestic coking coal market will operate weakly and steadily in the short term.

4.The ferroalloy market is rising steadily

Last week, the ferroalloy market rose steadily. In terms of ordinary alloys, the ferrosilicon and high-carbon ferrochromium markets have risen steadily, and the silicon-manganese market has increased slightly,  in the case of special alloys, the vanadium-based market has stabilized, and the prices of ferro-molybdenum have increased slightly.

The current epidemic prevention and control situation continues to improve, and economic and social life is gradually returning to normal.