Prices of major raw materials and fuels in China are mainly rising (Jan 9-Jan 15)

Last week (January 9th-January 15th), the prices of major raw materials and fuels in China mainly increased, and steel mills intend to replenish their warehouses. Affected by the epidemic, transportation in Hebei, Shanxi and other places is restricted, and the purchase of coke and scrap by steel mills has been affected to some extent, and some steel mills have slightly reduced production. The price of iron ore continued to rise slightly, the price of coke continued to rise, the market price of coking coal rose steadily, the price of ordinary alloys rose, and the price of special alloys was relatively stable. The price changes of the main varieties are as follows:

Imported iron ore prices still rose slightly

Last week, the price of imported iron ore still rose slightly. As coke prices continue to rise, steel mills tend to purchase high-grade iron ore resources. At the same time, there are few card powder resources that can be sold directly at the port, and the stock card powder is mostly used to make mixed powder. The price of card powder and Ukrainian refined powder has increased by 45/ton to 65 yuan/ton, and the price of other resources slightly increased by about 5 yuan/ton. At present, although some domestic steel mills have replenishment, their inventory is still relatively low compared to the same period in previous years. Steel mills that mainly purchase port spot goods still need replenishment in the near future. The price of imported iron ore is expected to increase mainly .

Mainstream coke prices rose by RMB 100/ton

Last week, the mainstream coke market price in China rose by RMB 100/ton. Coking companies in North China, East China, Northeast China, and Central and South China raised the price of metallurgical coke by 100 yuan/ton; monthly pricing in Central and South China represented stable prices for enterprises; and the price of metallurgical coke in Southwest China was stable. Last week, due to the epidemic situation in Hebei and Shanxi, automobile transportation was restricted, and the delivery of metallurgical coke from some steel plants decreased. Due to the uncertainty of the impact of the epidemic, some steel mills have increased anxiety, worrying that subsequent production will be affected. According to the survey, the blast furnace operating rate of steel mills has not dropped significantly for the time being, and the demand for metallurgical coke is still strong. Overlapping steel mills in winter storage and replenishment, the mismatch of coke supply and demand is difficult to alleviate. However, the decline in steel prices has a certain inhibitory effect on the increase in metallurgical coke prices. It is expected that the metallurgical coke market will maintain a stable, medium-to-strong operating trend, and the rate of price increases may slow down.