Nov.7 Slightly higher billet market

On the 7th, the domestic iron concentrate market temporarily remained weak, and there was no obvious improvement in the demand for the weekend market. The import ore market was on the upside, and the Australian ore deal was slightly better. The imported laterite nickel ore market was operating weakly and turnover was low. On the fourth day of the fourth consecutive day, the shipping market fell and the decline narrowed.

The market price of pig iron fell again on the 7th, and the market remained depressed. There were few customer inquiries, rare transactions, and some manufacturers had high inventory. The overall direct market of direct-reduced iron decreased, and spot prices continued to fall. The cumulative decline has exceeded market expectations.

On the 7th, the prices at the bottom of most areas in the national billet market increased slightly, but there were few new orders at the weekend, and a few steel mills made up a small amount of stocks.

On the 7th, the scrap market as a whole was relatively stable and steadily consolidating. The market price of waste stainless steel is stable, and transactions have been unsatisfactory in the recent period.

On the 7th, the domestic coal injection coal market remained weak and stable, and the coal injection price as a whole stabilized. The operation of the anthracite coal market is fair and the price is firm. The thermal power coal market in the coastal ports has been operating smoothly with stable transactions. Coking coal is weak and stable. On the 7th, the imported coking coal market experienced a weak and stable turnover, and transactions were poor; the importation of thermal coal in the South Harbour was not smooth and prices did not change significantly.

The coke market is sluggish and some market prices have been adjusted. The blue carbon market maintained a consolidation trend, the market supply was good, and the transaction was light and steady.

On the 7th, the imported manganese ore spot market remained stable and the transaction was weak. The price of imported chrome ore dropped and the inquiry increased. The ordinary alloy ferrosilicon market continues to decline; the manganese alloy market is operating weakly; the chromium alloy market is generally stable. The market for ferro-molybdenum alloys with special alloys was not volatile, and the transactions were deserted. The vanadium-based alloy market remained stable and the transaction volume declined.

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