|
China's local steel pig market prices continued to remain weak with slight declines in most areas. Due to slumping steel, raw material and coke prices, pig iron market in China was facing a precarious situation. Many iron plants continued to halt or limit production, while steel mills also cut down pig iron buying prices largely, leading to rising stockpiles in iron plants. So, it is anticipated that pig iron market would be reduced further with pessimistic outlooks. East China: East China's pig iron prices continued to fall slightly this week with slack transactions. Moreover, nodular cast iron & cast iron markets also remained gloomy with general EXW price fall. As steel mills broadly reduced pig iron buying prices, many traders were playing waiting games. Under this situation, local pig iron market is expected to vibrate further in the coming days. | Area | Grade | Monday(RMB/tonne) | Weekend(RMB/tonne) | Change | Future | | Zibo(Shandong) | L10 | 2800 | 2700 | ↓ | ↓ | | Zibo(Shandong) | Z18-Z22 | 3200 | 3100 | ↓ | ↓ | | Jinan(Shandong) | Q10 | 3300 | 3150 | ↓ | → | | Linyi(Shandong) | Z18 | 3200 | 3000 | ↓ | → | | Maanshan(Anhui) | L8-L10 | 2800 | 2700 | ↓ | ↓ | | Xuzhou(Jiangsu) | Z18 | 3400 | 3000 | ↓ | → | | Xuzhou(Jiangsu) | Q12 | 3380 | 2980 | ↓ | → | North China: This week, local steel pig & cast iron markets kept sluggish continuously and steel pig EXW prices were broadly set at RMB2,700/tonne. It was reported that a number of iron plants had closed down some blast furnaces. Current pig iron profits have approached zero with limited price drops. If pig iron market could not rebound, iron plants have to face shutdown largely. | Area | Grade | Monday(RMB/tonne) | Weekend(RMB/tonne) | Change | Future | | Yicheng(Shanxi) | Q10-Q12 | 3050~3070 | 3000~3020 | ↓ | ↓ | | Yicheng(Shanxi) | Z14-Z18 | 3020~3050 | 3000~3030 | ↓ | ↓ | | Yicheng(Shanxi) | L8-L10 | 2750 | 2700 | ↓ | ↓ | | Xiangfen(Shanxi) | L8-L10 | 2700 | 2600 | ↓ | ↓ | | Baotou(Inner Mongolia) | L8-L10 | 2430 | 2430 | → | → | | Tangshan(Hebei) | L8-L10 | 2700 | 2650 | ↓ | → | | Wuan(Hebei) | L8-L10 | 2800 | 2700 | ↓ | ↓ | | Wuan(Hebei) | Z18 | 3220 | 3120 | ↓ | ↓ | | Wuan(Hebei) | Q12 | 3230 | 3100 | ↓ | ↓ | Northeast China : Reportedly, local steel pig market also remained slack on falling prices in East & North China. Though pig iron EXW prices declined slightly, the demand still kept strong with few stockpiles in iron plants. | Area | L8-L10 | 2670 | 2720 | ↑ | ↑ | | Anshan(Liaoning) | L8-L10 | 2850 | 2750 | ↓ | ↓ | | Anshan(Liaoning) | Z14-Z18 | 3100 | 3000 | ↓ | → | | Haicheng(Liaoning) | L8-L10 | 2800 | 2700 | ↓ | ↓ | | Fushun(Liaoning) | L8-L10 | 2850 | 2750 | ↓ | ↓ | | Fushun(Liaoning) | Q12 | 3200 | 3200 | → | → | | Dalian(Liaoning) | L8-L10 | 2900 | 2750 | ↓ | → | | Dalian(Liaoning) | Q12 | 3120 | 3120 | → | → | | Harbin | Z18-Z28 | 3200 | 3200 | → | → | Middle China: This week, local pig iron market prices fell down sharply on weak market demand. Insiders believed that pig iron prices would continue to go down at short term. | Area | Grade | Monday(RMB/tonne) | Weekend(RMB/tonne) | Change | Future | | Anyang(Henan) | L8-L10 | L8-L10 | 2850 | 2700 | ↓ | | Linzhou(Henan) | Z14-Z18 | Z14-Z18 | 3400 | 3400 | → | | Linzhou(Henan) | Q10 | Q10 | 3400 | 3400 | → | | Linzhou(Henan) | Q12 | Q12 | 3400 | 3400 | → | Southwest & Northwest China: It was learnt that local pig iron market remained stable with firm transactions. | Area | Grade | Monday(RMB/tonne) | Weekend(RMB/tonne) | Change | Future | | Yuxi(Yunnan ) | L8-L10 | 2650 | 2600 | ↓ | → | | Kunming(Yunnan) | Z18-Z22 | 2900 | 2900 | → | → | | Pengshan(Sichuan) | L8-L10 | 2600 | 2600 | → | ↓ | | Shizuishan(Ningxia) | Z14 | 3150 | 3150 | → | ↓ | | Shizuishan(Ningxia) | Q10 | 3250 | 3250 | → | ↓ | Remarks: There are many types of steel pig and cast iron by silicon content. L8-10 means steel pig 8-10 and Z18-22 means cast iron 18-22. Specifications: Steel pig 8 (Si%: 0.45-0.85), Steel pig 10 (Si%: 0.85-1.25), Cast iron 18 (Si%: 1.6-2), Cast iron 22 (Si%: 2-2.4).
|
Email this page
