Publicado: Jul 20, 2023 06:22
"Summary of SMM Steel Morning Meeting: The Second Round of Coke Price Increase Has Landed, Spot Market Transactions Are Stable. Yesterday, the main contract I2309 closed at 834, down 0.6%. Yesterday, iron ore traders had a good willingness to ship, steel mills had just-in-time purchases, and the overall transaction atmosphere was general. PB powder transaction prices in Shandong concentrated around 868 yuan/ton, down 12 yuan/ton from the previous day. Yesterday, the market sentiment was unstable due to the news of price control. At present, the profitability of the industrial chain steel mills is still good, and the steel mill iron water is high, and the inventory in the factory is also low, with a certain replenishment demand. However, near the delivery month, the near-month contract basis gradually restored, the iron ore spot price rose insufficient power, the plate high space gradually narrowed."

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"Summary of SMM Steel Morning Meeting: The Second Round of Coke Price - Shanghai Metals Market (SMM)